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)
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