Quick Hits: End of Dollar Doldrums?
The dollar climbed to its highest level in a year against the euro on the belief that economic growth in the US will outpace Europe. The dollar rose about 0.3% to $1.3959 per euro early Thursday. Growth in the Eurozone is expected to slow to 1.1% in 2009 as compared to 2.7% in 2007 while growth in the US is expected to remain steady at 1.5% in 2008 and 2009. In response analysts expect the European Central Bank to cut interest rates by a quarter percentage point to 4% in the first quarter of 2009. In September 2007 the US ...
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