Euro and Sterling at the lowest price in two years

The euro fell to its lowest level in 26 months yesterday, as gains in dollars followed the Fed's warning regarding further interest rate cuts.

The dollar index rose against a basket of currencies yesterday, peaking at 26.9 months, at 98.93. The euro fell to its lowest level in 26 months against the greenback at $ 1.1034, while the British pound hit its lowest level in 30 months at $ 1.2087. The euro fell 0.3% to 1.1037 dollar and the pound fell 0.2% to 91.29 pence against the single European currency and the yen fell to its lowest level in the world. three months, at 109.32 yen for a dollar. LONDON (Reuters)