By KUNA
Berlin : The euro shot to another record high against the dollar in trading at Frankfurt’s stock market on Friday, reaching USD 1.5283, traders told the media here.
The euro has been rising steadily since the start of the current year, bringing the value of the dollar down to 0.6572 euro, said market traders who attributed the dollar retreat to a slowing of the American economy and an increase in the price of oil and energy products.
The recent statement by the US Federal Reserve chairman regarding the possibility of further interest rate cuts may have also added to the weakness of the dollar, said the traders.
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