04/22/08 - Daily Forex Market News from cmsfx.com
ollar Weakens, Falls to New Record Low vs Euro
The Euro climbed to a new record high vs the Dollar when ECB Governing Council member Noyer said the ECB may raise rates if consumer inflation does not slow. The Dollar experienced weakness across the board, including against the Pound and Swiss Franc. In Canada, the Bank of Canada cut rates 50 basis points to 3%.
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