Dollar slides towards parity with the euro

The badly bearing dollar slipped quickly towards the parity against the euro yesterday, like fears above the health of the economy of the USA, benefits the warnings from the companies of first order and the puff of the America scandal of surrounding corporation continuation to put banknote under the intense pressure on the foreign currencies.

The slide encouraged a call by the IMF so that the USA tighten its budgets to prevent a later fall, which could threaten the total economic revival.

Turbulence on the exchange markets changed more in courses of actions, where a new wave of the sale saw stockmarkets falling throughout the world, sending investors scurrying for asylums of gold and the Swiss franc.

Taking again its two months decline last, the dollar fell below $0.98 compared with the euro in 27 low months in the trade early. The speculation that American Federal fund will leave interest rates on the catch tomorrow with the economic revival of safeguard undermined confidence in the dollar.

The intervention on the exchange markets by the Bank of Japan prevented the dollar from falling against Yens, and it gathered modestly against the euro in the trade early in New York with $0.9775. Tradesmen have said, however, that it was only one matter of time before the dollar traded with for the other against Europe 'the simple currency of S. Him 'the one-way traffic of S right, indicated a retailer to a bank of the USA. The rupture of $0.96 was last week a massive level. There 's no end in sight for now.

The Sterling went up in 17 months in height against a dollar largely weaker, but fell on its lower level for two and to a half of years against the euro. Book traded to $1.5084, its higher since January last year, and with 65.12p by euro, with tradesmen observing the level 65.20, equivalent at the old rate of sterling/deutschmark of three marks to book.

Some tradesmen said that still another small decline of pounds sterling would bring it to swallow on the levels which would be compatible at the entry in the monetary union, although a new poll by a company of city showed the public opinion yesterday hardening against the entry.

The capital investigation of Barclays noted that the recent euro-friendly ratios of the Prime Minister and other ministers did not have any impact on the public opinion, with 49% of those the interviewed stating which they would reject to join the euro even if the government recommended the entry, to the top of 3% of the figure of May.

Barclays indicated that it was moreover high level of the euro measured opposition since the investigation of Eurotrack started to raise the question in January, and suggested that a poll per hour of the launching of euro tickets and currency January showing a small majority in favour of the entry was an aberration.