Monday, March 2, 2009

Dollar Trades Near Highest Level Since 2006 as Stocks Tumble

The U.S. currency traded at $1.2583 per euro as of 11:14 a.m. in Tokyo, from $1.2578 late yesterday in New York when it touched $1.2578, the strongest level since Feb. 19.

The yen was at 122.77 per euro from 122.58 and traded at 97.48 per dollar from 97.45 yesterday.

The Dollar Index, which tracks the greenback versus the euro, yen, pound, Swiss franc, Canadian dollar and Swedish krona, traded at 88.891 from 88.940 yesterday. It earlier reached 89.003, the strongest level since April 2006.
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by: Bloomberg

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