Dec 23, 2004
Yahoo
NEW YORK, Dec 23 (Reuters) - The euro rose against the dollar to a record high of $1.3502 on Thursday in partly technically driven trade amid thin pre-holiday volume.
Midmorning in New York, the euro (EUR=: Quote, Profile, Research) rose to $1.3502, according to Reuters data, as the market tested options barriers around that level, traders said.
The rise followed U.S. housing data which some analysts said could indicate problems ahead for consumer activity. Sales of new homes unexpectedly plunged at the sharpest rate in more than a decade, down 12 percent in November.
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh19026_2004-12-23_15-29-33_nat001241_newsml