Dollar gains against euro

Published March 21, 2008

LONDON, March 20: The dollar climbed further away from its record low point against the euro on Thursday, lifted by negative eurozone data, analysts said.

In European trading, the euro fell to $1.5433 from $1.5618 in New York late on Wednesday.

Against the Japanese currency, the dollar fell to 98.84 yen from 99.01 on Wednesday.

Japan’s financial markets were closed on Thursday.

The euro had surged to a record high point of $1.5905 on Monday while the dollar fell to a 12-year low of 95.75 yen, also on the same day, a level not seen since September 1995.

Since then, the dollar has recovered against the euro and yen after the US Federal Reserve slashed its benchmark federal funds rate in a bid to ease a growing credit crisis.—AFP

Opinion

Editorial

Maintaining balance
Updated 16 Feb, 2025

Maintaining balance

It must take a more proactive approach to establishing Pakistan’s bona fides.
Welcome return
16 Feb, 2025

Welcome return

IT is almost here; the moment Pakistan has long been waiting for — the first International Cricket Council...
Childhood trauma
16 Feb, 2025

Childhood trauma

BEING a child in this society should not be so hard. But recurrent reports of child abuse — from burying girl...
The Peca problem
Updated 15 Feb, 2025

The Peca problem

The fight for fundamental freedoms is not the media’s alone, but one that concerns every citizen.
Miners in danger
15 Feb, 2025

Miners in danger

YESTERDAY’S devastating terrorist attack in Harnai, which killed at least 11 coal miners and injured seven others,...
Solar panels scam
15 Feb, 2025

Solar panels scam

THE scam involving over-invoicing to the tune of more than Rs69bn in the import of solar panels raises many ...