Wednesday, August 13, 2008

Euro plumbs six-month low against dollar
LONDON: The euro dived to a fresh six-month low point against the dollar on Tuesday as traders focused on the deteriorating economic health of the euro zone, dealers said. Falling oil prices also helped prop up the greenback. In late European deals, the European single currency had clawed back some ground at 1.4901 dollars after earlier touching 1.4816. That was the lowest point since February 26 and compared with 1.4898 late in New York on Monday. Against the Japanese currency on Tuesday, the dollar dropped to 109.81 yen from 110.10.

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