URO reached 1.60 U.S. dollars
The EURO has in comparison to the U.S. dollar, a new record high of 1.6038 U.S. dollars reached, and thus an absolute highlight of the EURO since there are marked. The euro had in April of this year once the mark of 1,60 exceeded, but turned back at 1.6019 U.S. dollars to bottom.
Experts see the renewed growth, especially with the backdrop of the emerging financial crisis in the United States. Indeed, in recent days, the mortgage financiers Fannie Mae and Freddie Mac have come under strong pressure because their financial resources to be threatened.
Due to the unstable financial situation in the U.S. are looking for investors and currency speculators safe harbors, such as the Euro, and exchange their dollar holdings into the common currency. This leads to further demands for the EURO and thus lead to a rise against the U.S. dollar.