Subscribe to Print Edition | Fri., March 14, 2008 Adar2 8, 5768 | | Israel Time: 03:02 (EST+7) web haaretz.com   Back to Homepage Rosner's Domain Diplomacy Defense Jewish World Opinion National Print Edition Advertising Books Arts & Leisure Business Real Estate Easy Start Travel Week's End Anglo File

Dollar dips to new low By Tal Levy and Asher Schechter Tags: Dollar The dollar's free fall continued yesterday, declining another 0.94% against the shekel and settling at its lowest level since December 2007 - 3.482. The greenback is now off 9.5% in 2008. Things weren't any rosier in Europe, where the euro rose to a new high of 1.5526 euros per dollar before closing the day at 1.5499. Investors are concerned the U.S. Federal Reserve's plan to inject $200 billion into the banking system won't save the shaky credit markets from their ongoing crisis. They also believe the Fed is likely to continue lowering interest rates. Advertisement The Fed's announcement that it would extend banks with 28-day loans in return for mortgage debt paralleled similar notices issued by central banks in Europe and Canada that they would provide $45 billion in short term loans. Most economists believe the Fed, which has lowered interest rates by 2.25% since September will have no choice but to continue dropping its rates at its meeting next week to help pull the U.S. economy out of recession. Bookmark to del.icio.us   Hezbollah scare Lebanese group's influence has dramatically increased in the West Bank. Literary boycott Peres calls Muslim countries' shunning of Paris Book Fair 'most ridiculous.'

Today Online Abbas accuses Israel of 'ethnic cleansing' in Jerusalem Responses: 218 At least 30 Qassam rockets fired into Israel from Gaza since Wed. Responses: 172 Amira Hass: PA officials should act more like Gandhi Responses: 75 Poll: Half of Jewish public oppose Arabs in their neighborhoods Responses: 127 Wagner show in Nazi-era hall to raise funds for Ramallah venue Responses: 81 More Headlines 22:40 At least 30 Qassam rockets fired into Israel from Gaza since Wed. 22:13 Israel Bank intervenes in foreign currency market, buys dollars 01:35 Israel and France have a second honeymoon as Peres visits Sarkozy 02:39 Deputy TA mayor: Gov't reneges on promise to help refugees 01:01 Police arrest rabbi for 'inciting Palestinians' in East Jerusalem 20:56 Jerusalem yeshiva commemorates 8 students slain in terror attack 19:07 Ban: Israel must halt 'excessive force' against Palestinians 02:22 Jerusalem parents held in suspicion of torturing 3- and 4-year-old boys 02:48 Israel falls behind the times in having woman parliamentarians 22:23 Abbas accuses Israel of committing 'ethnic cleansing' in Jerusalem 00:43 Rubinstein competition / Exalted strokes outweigh the flaws 23:17 Traffic cop jailed for shooting at drivers who refused to pull over 20:38 Two Kiryat Ata men arrested for attacking Arab workers Previous Editions Select Day 13 mar 12 mar 11 mar 10 mar 09 mar 07 mar 06 mar 05 mar 04 mar 03 mar 02 mar 29 feb

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