Euro breaks 90 cents barrier

EUROPE - The euro broke through the 90 cent level today, 15 August, and hit a five-month high against the pound for the third consecutive day as the single currency benefited from losses by the US dollar.

The euros gains came after the International Monetary Fund (IMF) warned on 14 August that a sharp fall in the value of the dollar was possible.

The $28.3bn trade deficit of the United States is not sustainable in the long term and its size raises "concerns that the dollar might be at risk for

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