The dollar hit a new low against the seemingly unstoppable euro Friday as the 13-nation currency broke through $1.41.
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The U.S. dollar fell further against the Canadian dollar after reaching parity for the first time since 1976 on Thursday. One Canadian dollar bought $1.0068 in U.S. currency at its highest point Friday before edging down to $1.0022 in afternoon New York trading.
The Canadian dollar has experienced a summer of record highs on soaring crude prices and a strong economy.
In other trading, the dollar slid to $2.0192 against the British pound from $2.0099 late Thursday. It rose slightly against the Japanese currency to 115.34 yen from 114.44 yen.
Friday, September 21, 2007
Posted by Harriet at 1:40 PM