1. Euro Slides to One-Year Low.
- Author
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FROYMOVICH, RIVA
- Subjects
- *
EURO , *U.S. dollar , *JAPANESE yen , *FOREIGN exchange rates , *INTEREST rates , *RECESSIONS - Abstract
The article reports on the decline of euro against U.S. dollar to one-year low and yen to two-year low on October 2, 2008 due to decrease in euro-zone interest rate and a recession. The euro fell to $1.3746 and 144.88 yen. UBS analysts had advised selling euro against the dollar, British pound, Swedish krona and Swiss franc. Euro has slumped after European Central Bank president Jean-Claude Trichet said that inflation risks in euro-zone have decreased.
- Published
- 2008