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September 12, 2007 Wednesday Sha'aban 29, 1428





Euro higher


LONDON, Sept 11: The euro skirted its record high against the dollar here on Tuesday as the greenback suffered from concern over the health of the US economy and expectations of a cut in US interest rates.

The single European currency in late-day trade was at $1.3838 after $1.3797 late Monday in New York. But the euro at one point rose to $1.3848, close its July 24th record of $1.3852.

The dollar was meanwhile trading at 113.94 Japanese yen against 113.69 on Monday.—AFP






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