–The Euro...The New World Currency?
 

Dollar remains down sharply vs. European rivals
FX Street.com

CHICAGO (AFX) -- The U.S. dollar traded sharply lower against its European rivals, although the greenback did trim its decline fractionally after a reported gain in U.S. housing starts. The dollar reversed Monday's gains during European trading on Tuesday. The euro, British pound and Swiss franc all rose after eurozone current account data revealed a larger-than-expected surplus. The dollar was down 0.8 percent against the euro compared to Monday's late U.S. quote; one euro would buy $1.2269 in morning U.S. trading. The dollar fell 0.6 percent against sterling, which was quoted at $1.7957. The greenback fell 1 percent to 1.2584 francs and was off 0.2 percent at 109.64 yen

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