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Wednesday, 26 June, 2002, 17:31 GMT 18:31 UK
Timeline: Euro's ups and downs
The euro stages a rally against the dollar
2002
Jun 26: Euro hits $0.9944, its highest level since February 2000, after WorldCom admits accounting fraud. Jan 2: Euro gains 1% to rise above $0.90, as the smooth introduction of euro notes and coin bolsters confidence in the currency. 2001 Dec 2: Enron files for bankruptcy in the biggest collapse in US corporate history, setting the scene for reduced investor confidence in US assets. Sep 11: Euro rises nearly 2% to $0.9169 the day two hijacked planes topple the twin towers of New York's World Trade Center. The euro would within a week hit a six month high of $0.9333. Jan 5: Euro rises to nine-month high of $0.9595 over concerns about the health of the US economy. US interest rates had two days earlier been cut by half a percentage point to 6.0%. 2000 Nov 10: European Central Bank, with other national eurozone central banks, buys euros in a support drive, leaving the currency at about $0.86. Oct 26: Euro hits a record low of $0.8225, 30% below its launch value. Sep 22: Central banks in Europe, Japan and the US buy euros to support the euro, after it falls below $0.85. 1999 Apr 8: European Central Bank orders first interest rate move in its history, lowering the key rate by half a percentage point to 2.5%. Euro closes at $1.0798. Mar 15: EU commissioners resign en masse amid a financial mismanagement scandal. Euro closes at $1.0943. Mar 11: Euro at $1.1028, after German Finance Minister Oskar Lafontaine resigns. Jan 4: Euro begins trading at $1.1747, and hits a high of $1.1906.
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26 Jun 02 | Business
24 Jun 02 | Business
24 Jun 02 | Business
21 Jun 02 | Business
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