Butterflykisses
November 20th, 2007, 11:51 AM
Nov. 20 (Bloomberg) -- The dollar fell to a record low against the euro and Swiss franc on concern credit-market losses will slow economic growth, prompting the Federal Reserve to lower interest rates again this year.
Currencies in New Zealand, the U.K., Australia and Norway gained on speculation a group of six Arab nations will change their fixed exchange rates from the U.S. currency. Freddie Mac, the second-largest mortgage company, posted its largest-ever quarterly loss, while a report showed homebuilding permits in the U.S. slumped to their weakest level since 1993.
http://www.bloomberg.com/apps/news?pid=20601087&sid=apRHSz06RuoM&refer=worldwide
Currencies in New Zealand, the U.K., Australia and Norway gained on speculation a group of six Arab nations will change their fixed exchange rates from the U.S. currency. Freddie Mac, the second-largest mortgage company, posted its largest-ever quarterly loss, while a report showed homebuilding permits in the U.S. slumped to their weakest level since 1993.
http://www.bloomberg.com/apps/news?pid=20601087&sid=apRHSz06RuoM&refer=worldwide