Early growth History of the euro

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after dropping interday low of $0.8296 on 26 october 2001, , brief crash $0.8115 on 15 january 2002, euro recovered slump. value last closed below $1.00 on 6 november 2002 ($0.9971), , increased rapidly there. peaked @ $1.35 in 2004, , reached highest value versus u.s. dollar @ $1.5916 on 14 july 2008. values increased against pound sterling in late-2000s, peaking @ 97.73p on 31 december 2008, international usage grew rapidly. euro grew in importance steadily, share of foreign exchange reserves rising 18% in 1999 25% in 2003 - while dollar share fell equivalent margin. alan greenspan in 2007 said eurozone had profited euro s rise , claimed conceivable trade equally or become more important dollar in future.








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