MUNICH. Europe's recently battered currency fell to $1.19 in Friday trading on continuing debt worries throughout the Eurozone, marking a new four-year low against the dollar and nearing its initial trading value of $1.18 set in 1999.
Against the pound, the euro slipped to £0.83 while rising slightly against the yen to ¥110. The euro's woes come as a boon to many tourists in Germany as well as German exporters, while importers worry over resulting medium- to long-term inflation.
The past decade has seen considerable fluctuation of the euro's dollar value, from a low of $0.83 in October of 2000 to a high of $1.60 in July of 2008.