Reply #38: just saw the euro at 1.3616

[UpInArms]

Dollar falls to another low against yen

http://cbs.marketwatch.com/news/story.asp?guid=%7B5E1F89B1%2DB6C5%2D47A9%2DBF37%2D0DA9A5207985%7D&siteid=mktw

CHICAGO (CBS.MW) - The dollar sunk to another record low against the euro in U.S. trade Monday amid talk the United States and Europe have no plans to intervene to stop the greenback's slide.

"Thin market conditions between Christmas and New Year, America's twin deficits, U.S. officials' tolerance of a weaker dollar and the low probability of major central bank intervention are the key ingredients behind the greenback's latest slide," said Alex Beuzelin, senior market analyst at Ruesch International.

Against the euro, the dollar traded at a record $1.3595 at 10:41 a.m. Eastern, compared with $1.3525 in the United States late Friday.

Earlier in Asian trade, investors attempted to gauge the impact after the largest earthquakes in 40 years sent tidal waves crashing into nine countries, with nearly 21,000 people reported dead. Read the full story.

There was no direct impact on Japan from the temblor, but shares of airline companies took a hit. See Asia Markets. European insurer stocks and airline stocks were lower. See Europe Markets

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