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Euro At Its Lowest Level Against Dollar In The Last Two Decades

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The value of the dollar recorded a strong growth in the world markets since the American central bank (Fed) has again increased interest rates, so the euro exchange rate touched the lowest level in the last 20 years, far below one dollar.

The dollar index, which measures the movement of the US currency in relation to the other six most important world currencies, rose 3 per cent last week to 112.96 points, and at one point, for the first time in two decades, broke above 113 points.

At the same time, the dollar against the euro jumped 3.2 per cent, which caused the price of the euro to fall to $0.9690, the lowest level since 2002. The dollar exchange rate, however, weakened against the Japanese currency by 0.3 per cent to 143.30 yen

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The price of gold soared in trading on the Comex exchange, a part of the New York Mercantile Exchange, above $1,800 per ounce for...

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