The U.S. dollar sank to new lows against the euro and British pound Monday and was mixed against other currencies in European trading. Gold prices fell.
The euro traded at $1.3816, down from $1.3822 late Friday in New York. It reached $1.3846 in Asian trading Monday, an all-time high. Later, in midday trading in New York, the euro fetched $1.3814.
The British pound traded at $2.0593, up from $2.0549 late Friday. Earlier in the day, the pound rose as high as $2.0603, a fresh 26-year high against the dollar.
Other dollar rates in Europe, compared with late Friday, included 121.28 Japanese yen, up from 121.24; 1.2048 Swiss francs, up from 1.2013; and 1.0431 Canadian dollars, down from 1.0479.
In midday New York trading, the dollar bought 121.37 yen and 1.2058 Swiss francs, while the pound was worth $2.0582.
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Frank Wilson is a retired teacher with over 30 years of combined experience in the education, small business technology, and real estate business. He now blogs as a hobby and spends most days tinkering with old computers. Wilson is passionate about tech, enjoys fishing, and loves drinking beer.
