Interest Rate Speculation Forces Dollar Lower

Berlin, Germany, January 14, 2008-- The dollar continued its fall on Monday against the euro over speculation that U.S. interest rates would be lowered again and European rates could be raised.

The euro rose to $1.4881 before falling back to $1.4866 in morning European trading. The falling dollar is good for exporters but makes imports more expensive.

The Fed's recent interest rate cuts have hurt the dollar and analysts said the 1.50 level could be reached, especially if the ECB raises rates, making the euro a more popular investment.