Posted AT 6:29 AM EST on 21/09/07
Euro hits all-time high against U.S. dollar
LONDON — The euro hit an all time high versus a broadly weak dollar on Friday as investors dumped the greenback after the Federal Reserve's aggressive rate cut this week.
The euro also hit a new record high on a trade-weighted basis with ECB policy makers maintaining a relatively hawkish stance in their rhetoric in contrast to the U.S. where further rate cuts are expected.
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