Euro Cracks $1.50, Dollar Hits New Lows

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.
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