The euro has reached record highs against the dollar yesterday with a value of $1.1933. It surpassed the previous record of $1.1885 reached on the day of the euro's launch in January 1999.
The rise was caused by demand for eurozone government bonds and a lack of objection to the euro's rise by the European Central Bank, a halt to trading in the US for Memorial Day also helped.
The euro has also been underpinned by recent signs that the US government may be relaxing its traditiona...
Back our independent journalism by becoming a supporting member
Already a member? Login here