The dollar hit a fresh low against the euro yesterday after comments from a eurozone finance minister quashed currency traders' speculation about intervention in the markets by the European Central Bank. The dollar weakened after Gerrit Zalm, the Dutch finance minister, said that the euro's rise was “evolving within acceptable margins”. The greenback dropped to a new low against the single currency for the third consecutive trading session, falling to $1.3640 in New York.
Trading volumes were thin yesterday, partly because of a holiday in the UK that kept traders in London away from their desks.
