Wednesday, July 16, 2008

U.S. Dollar Falls to Record Low Against Euro

Wall Street was in an uproar on Tuesday as stocks churned, oil plummeted, and policy makers issued a darker outlook on the economy. Meanwhile, the dollar fell to a new low against the euro, GM said it would slash jobs and suspend its dividend, and a report showed that consumer spending slowed in June more than economists had anticipated. Fuck.

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