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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

(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.

One dollar bills at the Department of the Treasury Bureau of Engraving and Printing in Washington. (Getty Images)

The overstrong euro has raised fears among European business. (©f650biker)

The euro broke through the $1.50 barrier for the first time in 14 months yesterday. (Getty Images)

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Euro Cracks $1.50, Dollar Hits New Lows

Investors shun low-yielding greenback for riskier currencies

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Euro Breakdown Starts Now

CEBR gives Eurozone 99% failure rate over 10 years

Japan, China Cut Currency Deal, Shun Dollar

Leaders also discuss North Korea

Euro Dives Below $1.30

Italian bond sale drives price south

Dollar Nears 3-Year Low

Set for biggest weekly plunge since January

Ahead of G20, Obama, Sarkozy Seek United Economic Front

French, American presidents meet at White House

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Euro Cracks $1.50, Dollar Hits New Lows

Investors shun low-yielding greenback for riskier currencies

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OTHER STORIES ON OUR RADAR

currency • exchange rate • euro • US dollar • weak dollar

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Euro Breakdown Starts Now

CEBR gives Eurozone 99% failure rate over 10 years

Japan, China Cut Currency Deal, Shun Dollar

Leaders also discuss North Korea

Euro Dives Below $1.30

Italian bond sale drives price south

Dollar Nears 3-Year Low

Set for biggest weekly plunge since January

Ahead of G20, Obama, Sarkozy Seek United Economic Front

French, American presidents meet at White House

About Us

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Newser By Users

Community

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More News

What is Newser?