To: marginnayan who wrote (106810 ) 8/9/2008 7:00:10 PM From: marginnayan Read Replies (2) | Respond to US dollar index touched the highest since February 2008 The euro fell the most in almost eight years, pushing the currency to a six-month low against the U.S. dollar, as traders pared bets the European Central Bank will raise interest rates as the economy slows. An index that tracks the dollar against the currencies of six U.S. trading partners touched the highest since February. Crude oil fell to a three-month low, silver reached its cheapest since January and copper headed for its biggest weekly drop since March, easing inflation concerns. The slide was the biggest one- day drop since Sept. 6, 2000, when the currency dropped the most since the 1999 introduction of the euro. The euro's decline below $1.53 and the break of the 200-day moving average at $1.5226 marks a significant change in sentiment for the dollar. Since reaching a record high of $1.6038 on July 15, the euro has dropped 6.4 percent. bloomberg.com ] The Box. Huh !
