Dollar hits new multimonth low vs euro, pound, yen; U.S., Brit long-term credit rating cuts loom?

The dollar kept falling Friday, notching fresh multimonth lows against the euro, pound and yen as a warning that Britain’s debt level may result in its credit rating being cut ricocheted into worries about the massive U.S. deficit.

The 16-nation euro rose to $1.4015 in morning trading from $1.3889 in New York late Thursday—its first time above $1.40 since Jan. 2.

The British pound rose to $1.5916 from $1.5890, peaking at $1.5945 earlier in the session, its highest point since Nov. 6.

Read the rest from the Associated Press:
http://www.breitbart.com/article.php?i
d=D98BCFJO0&show_article=1

Related:
U.S., Britain Both face Lower Debt Credit Ratings

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