Hobbs
04-27-2007, 06:04 PM
FRANKFURT, Germany (AP): The euro climbed to an all-time high against the dollar Friday as weak U.S. growth figures reinforced fears of a widening economic disparity between Europe and the United States.
The surge will not be kind to Americans visiting Europe this summer, who will feel like they are paying more for hotel rooms in Rome, entrance fees at the Louvre and chocolates in Belgium.
The euro hit US$1.3682, shooting past its previous high of US$1.3667 from December 2004, after the U.S. Commerce Department reported that economic growth slowed to a 1.3 percent annual rate in the first quarter, its weakest performance in four years.
http://www.iht.com/articles/ap/2007/04/27/business/EU-GEN-Euro-Dollar.php
The surge will not be kind to Americans visiting Europe this summer, who will feel like they are paying more for hotel rooms in Rome, entrance fees at the Louvre and chocolates in Belgium.
The euro hit US$1.3682, shooting past its previous high of US$1.3667 from December 2004, after the U.S. Commerce Department reported that economic growth slowed to a 1.3 percent annual rate in the first quarter, its weakest performance in four years.
http://www.iht.com/articles/ap/2007/04/27/business/EU-GEN-Euro-Dollar.php