- The Washington Times - Monday, November 29, 2004

VIENNA, Austria (AP) — The euro’s growing strength against the dollar is “unwelcome,” the European Central Bank chief said yesterday as the 12-nation European currency hovered just below a record high.

The increasing level of concern about the dollar’s spiraling weakness raised talk among market watchers of an intervention and helped the dollar stabilize.

In late New York trading, the euro fell slightly to $1.327 after a record high of $1.332 Friday.

The euro rose to new highs against the dollar on four successive days last week.

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