Euro strikes record high vs tumbling dollar

Mon Sep 24, 2007 2:25am EDT
 
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TOKYO (Reuters) - The euro struck an all-time high against the dollar on Monday as the U.S. currency extended last week's sell-off sparked by the Federal Reserve's aggressive interest rate cut.

The euro pushed to a high of $1.4130 on EBS, up 0.3 percent on the day and the highest since the launch of the single European currency in 1999.

The move coincided with the dollar's trade-weighted index slipping to a fresh 15-year low of 78.329 .DXY, near an all-time trough of 78.19 hit in 1992.

 
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