For the complete report in the FT.com click on this link
Dollar plumbs fresh depths - by Peter Garnham
The dollar fell to a fresh 14-year low against sterling and a 20-month trough against the euro on Friday as investors continued to put pressure on the US currency. The dollar plunged to $1.9748 against the pound in early trade, its lowest level since September 1992, just before sterling’s exit from the European Exchange Rate Mechanism.
Meanwhile the dollar plunged to a 20-month low of $1.3282 against the euro and a six-month low of SFr1.1947 against the Swiss franc.
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