Euro Cracks $1.50, Dollar Hits New Lows

Investors shun low-yielding greenback for riskier currencies
By Jason Farago,  Newser Staff
Posted Oct 22, 2009 4:00 AM CDT
One dollar bills at the Department of the Treasury Bureau of Engraving and Printing in Washington.   (Getty Images)
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(Newser) – The dollar fell below the $1.50 threshold against the euro yesterday for the first time in 14 months, as investors with renewed appetites for risk continue to abandon the greenback. The dollar is at its lowest level against six other currencies in more than a year, and foreign exchange experts foresee more falls for the low-yielding currency to come. But Europeans aren't happy at all about the strong euro; an adviser to Nicolas Sarkozy called the $1.50 level "a disaster" for business.