Euro drops below 1.27 dollars
It hits the lowest level in two years. -AFP
Fri, Oct 24, 2008
AFP
LONDON - The euro tumbled underneath 1.27 dollars on Friday, hitting the lowest level in two years on expectations of eurozone interest rate cuts and slowing economic growth, dealers said.
In early morning London trade, the European single currency dived as low as 1.2667 dollars, which was last seen in October 2006.