LONDON, Nov 26: The euro edged higher on Monday after striking a series of historic peaks close to 1.50 dollars last week as markets fretted over the outlook for the all important US economy, dealers said.
They said continued concerns about the fallout from the US home loan crisis and resulting credit squeeze kept the pressure on the dollar which had managed a rebound on Friday after positive retail sales figures suggested the US consumer would keep going.
In late trade, the euro was at 1.4865 dollars, compared with 1.4836 late in New York on Friday.
The euro hit a record 1.4967 dollars on Friday, but the dollar then got some respite.
In European trade Monday, the euro was at 160.78 yen after 160.48 late Friday, at 0.7187 pounds, down from 0.7204, and at 1.6357 Swiss francs compared with 1.6352.
The dollar stood at 108.17 yen, unchanged, and at 1.1005 Swiss francs after 1.1020.—AFP
