Dollar hits record low vs. euro, 12-year low vs. yen
Advertiser Staff
The dollar fell to a record low against the euro and more than a 12-year low against the yen in trading today.
The dollar touched $1.5573 per euro during the Tokyo trading session, the weakest level since the European currency's 1999 debut. Against the Japanese currency, the dollar traded as low as 101.10 yen, the lowest since December 1995.
The weaker dollar is generally good for tourism because it increases the purchasing power of foreigners when they convert their home currency into dollars.
