Euro hits $1.38 after weak US sales
Euro hits $1.38 after weak US sales
This week, the euro has steadily risen to record heights with economic growth in the euro zone widely expected to outpace other major economic powers such as the US and Japan this year. Concerns about the troubled US sub-prime mortgage sector have also weighed heavily on the dollar. Earlier, EU Economic and Monetary Affairs Commissioner Joaquin Almunia said the soaring euro had had little impact on the euro zone economy.
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