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Dollar woes ripple through Wall St.

Feb. 27 - The U.S. dollar hit $1.51 to the euro for the first time on record, and fell to historic lows against a basket of currencies, as weak data suggest more interest rate cuts. Dollar weakness temporarily pushed crude oil above $102 for the first time on record, but sent shares of major U.S. exporting companies higher. SPEAKER: Ashraf Laidi, chief foreign exchange strategist, CMC Markets Conway Gittens reports from New York. [ go to Youtube.com ]

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Added : 28/02/08 05:21
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