New high

josbarr

Active member
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LONDON, Dec 8 (AFP) - The euro powered above the 1.22-dollar threshold on Monday for the first time as sentiment towards the US unit remained negative on the eve of a US interest rate meeting.

The single European currency climbed to 1.2214 dollars just before 1200 GMT, the highest level since its launch at the start of 1999, exceeding a previous peak of 1.2191 dollars set in early European trading.

In recent weeks, worries about the United States' huge current account deficit and low interest rates have pushed the dollar to a series of record lows against the euro and multi-year lows against several other currencies.

The US Federal Reserve's policy-setting Open Markets Committee (FOMC) is scheduled to meet on Tuesday.
 
 
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