The Bottom Line
The U.S. dollar hit an all-time low against the euro this morning.
The U.S. dollar hit an all-time low against the euro this morning, at $1.3877, before recovering a fraction. The weakening of the dollar was due to increasing speculation that the U.S. Federal Reserve will cut interest rates next week, which would reduce the U.S.’s interest-rate advantage over Europe. (MarketWatch)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
MOST POPULAR ON THE WEEK
- The mystery behind China's aggressive push into space
- What would a U.S.-Russia war look like?
- Here's the schedule very successful people follow every day
- Yes, Republicans can impeach President Obama
- What religious traditionalists can teach us about sex
- The 5 best and worst states for a well-lived life
- Why Texas' abortion rates aren't falling as quickly as everyone expected
- Why all drugs should be legal. (Yes, even heroin.)
- Paul Ryan's anti-poverty plan is another sign of life in the GOP
- The 6 best low-cost smartphones
Subscribe to the Week