Dollar Hits High Note
Posted August 12th, 2008 by admin
in
The US dollar hit a six-month high on Tuesday amid growing concern for the global economy. The euro had its worst performance in six months against the dollar after a historically low performance on Friday, with the biggest one-day drop in nearly eight years. The Australian dollar also sank to a low against the US dollar, although officials are saying they believe inflation will soon begin to slow. The US dollar index has increased for the past eight days.
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