Dollar Hits 6-Week High Against Euro

US, Europe team up to boost gaining greenback

By Jason Farago, Newser Staff

Posted May 8, 2008 6:12 AM CDT

(Newser) – The dollar hit a six-week high against the euro yesterday, leading relieved policymakers on both sides of the Atlantic to hope that the worst is over, reports the Financial Times. Analysts still reckon that Washington will continue its policy of benign neglect: a soft dollar encourages exports and reduces the trade deficit. But one key reason US and European officials are teaming up to help the dollar: a weak American currency has reinforced spiking oil prices.

European politicians are speaking out more forcefully that the euro has become overvalued. ((c) ArchiM)

An oil tanker, Episkopi, is seen docked next to Iraq's vital al-Basra oil terminal, in Persian Gulf waters, Wednesday, Feb. 27, 2008. (AP Photo/Kamran Jebreili)

The dollar, after months of weakness, is starting to make a comeback. ((c) AComment)

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Dollar Hits 6-Week High Against Euro

US, Europe team up to boost gaining greenback

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Dollar Nears 3-Year Low

Set for biggest weekly plunge since January

Count the US Dollar Down, But Not Out

Fears of a looming currency crash are overblown

Dollar Headed for Biggest Gains Since '81: Bankers

Greenback set for 17.1% gain against euro

$1T US Bailout May Crush Dollar's Rally

Plan's huge pricetag undermines confidence in the buck

G-7 Ministers Talk Tough on Sliding Dollar

Strong words signal desire to keep dollar from the abyss

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Dollar Hits 6-Week High Against Euro

US, Europe team up to boost gaining greenback

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OTHER STORIES ON OUR RADAR

currency exchange • euro • central bank • US dollar • weak dollar

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Dollar Nears 3-Year Low

Set for biggest weekly plunge since January

Count the US Dollar Down, But Not Out

Fears of a looming currency crash are overblown

Dollar Headed for Biggest Gains Since '81: Bankers

Greenback set for 17.1% gain against euro

$1T US Bailout May Crush Dollar's Rally

Plan's huge pricetag undermines confidence in the buck

G-7 Ministers Talk Tough on Sliding Dollar

Strong words signal desire to keep dollar from the abyss

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Newser By Users

Community

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