The dollar has fallen to a record low against the euro after US Federal Reserve chairman Ben Bernanke warned of a rough road to economic recovery.
The single European currency blasted through the 1.60-dollar mark for the first time in nearly three months, hitting an all-time high of 1.6038 dollars. The euro held firm despite a ZEW research institute survey of investor confidence in Germany that showed a record low in July as high oil prices and a rising euro hit Europe's biggest economy. Meanwhile the British pound leapt over the 2.0-dollar barrier after news that British inflation jumped to a 16-year high of 3.8 percent in June due to hefty rises in food and fuel prices.
(Deutsche Welle)
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