Euro flirts anew with all-time dollar high
Afp, New York
The euro came within a whisker of a new all-time high against the dollar Wednesday as traders shook off the latest upbeat economic news from the United States and bet on weakness ahead. After a peak of 1.3665 dollars in early trading Wednesday, the European single currency was quoted at 2100 GMT at 1.3636 dollars compared with 1.3640 late on Tuesday. The euro has been hovering near its record of 1.3666 dollars hit on December 30, 2004. It has gained some 3.5 percent against the dollar since the start of the year and 15 percent since January 2006. The dollar failed to gain traction from data showing a strong 3.4 percent monthly gain in durable goods orders, a positive sign for manufacturing, or from news of a 2.6 percent rebound in new home sales that provided some comfort to a slumping real estate market after news of a sharp fall in existing home sales Tuesday.
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