11.17.2004

this can't be good...

NEW YORK (Reuters) - The dollar tumbled against the euro on Wednesday, as traders shrugged off the surge in U.S. consumer prices in October and focused more on the upcoming G20 finance minister's meeting in Berlin starting from Friday.

Analysts have expressed concern that the Berlin meeting may do little to halt the dollar's slide since G20 officials are expected to put new pressure on China to let its yuan currency rise against the greenback.

The dollar earlier plunged to an all-time low against the euro at $1.3047 according to Reuters data, as the U.S. currency breached key technical barriers.

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