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The Dollar Reaches a Historic Low vs. Euro & Gold Hits a 28 Yr High of $845

Posted in 1 by Sankeerth on November 8, 2007

European stocks erased gains and gold jumped to a 28-year high of $845 an ounce on Wednesday as the dollar hit new record lows of $1.47 to the euro and $2.10 to the British pound. “The flight out of the dollar has been relentless,” said Kamal Sharma, currency strategist at Bank of America.

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