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http://online.wsj.com:80/article/SB10001424052748704597704574486631968841004.html?mod=djemalertMARKET
The dollar crossed the key $1.50 threshold against the euro today before a slight pullback, raising more concerns in Europe about the strength of the euro and the impact it might have on any nascent recovery.
European policy makers have tried in recent days to jawbone the euro lower and the dollar higher but markets have largely ignored the rhetoric. A strong euro makes Euro zone exports less competitive and can make imported U.S. goods cheaper.
The British pound also jumped, hitting a high of $1.6631 against the dollar as investors grew more confident that the Bank of ...
The dollar crossed the key $1.50 threshold against the euro today before a slight pullback, raising more concerns in Europe about the strength of the euro and the impact it might have on any nascent recovery.
European policy makers have tried in recent days to jawbone the euro lower and the dollar higher but markets have largely ignored the rhetoric. A strong euro makes Euro zone exports less competitive and can make imported U.S. goods cheaper.
The British pound also jumped, hitting a high of $1.6631 against the dollar as investors grew more confident that the Bank of ...