BERLIN (AP) — The euro climbed to a record high of $1.5057 in early European trading on Wednesday as sentiment increased that the U.S. Federal Reserve would continue its rate cut campaign.
The 15-nation currency hit the high around 8:30 a.m. before falling back slightly to $1.5048, still above the $1.4967 it bought in late trading in New York on Tuesday, which was equal to the last record high it had reached, back in November.
Along with the rise in the British pound, which is nearing $2 again, the surging euro will not be kind to Americans visiting Europe — they’ll have to pay more for hotel rooms in Rome, entrance fees at the Louvre and chocolates in Belgium.
On the other hand, the stronger euro makes shopping trips to the U.S. more appealing to Europeans…
No user commented in " Euro Soars to Record High $1.5057 "
Follow-up comment rss or Leave a Trackback