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Historic fall in the dollar

September 12 2007

On world markets recorded a sharp drop in the dollar against the euro. By 10:00 GMT, was recorded a new historical record.

U.S. dollar exchange rate fell to 1.388 dollars per euro. The previous historic low was recorded on July 24, when the single European currency rose to a value of 1.3852 dollars per euro.

Experts note that U.S. currency is falling for the sixth consecutive day, what has not happened since April.

Experts note that the situation on the foreign exchange market impact of a possible interest rate cuts in the U.S., which is scheduled for next week, as well as rising interest rates in the euro area.

Moscow is already 20 minutes after the start of trading on the dollar U.S. dollar exchange rate against the ruble fell by 10 cents.

Recall that for the past two days the dollar has fallen by 14 cents.

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