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Saturday, November 6

Dollar Plunges to Record Low Vs. Euro

Nov. 5 (Bloomberg) -- The dollar tumbled to a record low against the euro after German Chancellor Gerhard Schroeder suggested he will tolerate a stronger European currency, overshadowing a surge in U.S. job growth in October.

The euro's rise is ``not yet dramatic,'' Schroeder, leader of Europe's largest economy, told a press conference in Brussels. His remark followed European Central Bank President Jean Claude Trichet's failure yesterday to protest a four-week euro advance that helps offset the impact of higher oil prices.

 

<a href=http://www.bloomberg.com/apps/news?pid=71000001&refer=germany&sid=a3MzMtdGq7Us>




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