Dollar dips to new low against the euro!
BRUSSELS, Belgium - July 15, 2008 -
The dollar sank to a new low against the euro on Tuesday, as markets worried
about the ongoing U.S. lending crisis and the state of the country's economy.
The 15-nation currency rose to an all-time high of $1.6038 in European trading, surpassing its previous record of $1.6018 set on April 22.
After reaching the record, the euro fell back to $1.5983 - still above the $1.5916 it bought in late New York trading Monday.
The increase came even as a new report showed that German investor confidence tumbled to its lowest level in more than 16 years amid soaring food and oil prices in Europe's biggest economy.
