Concerns dollar may be heading for crisis

FEARS that the dollar is heading for a crisis were raised yesterday as the euro broke through $1.27 for the first time.

Analysts are increasingly of the view that the euro could climb to as high as $1.35 within the next few months, a level deemed impossible a few months ago.

On the markets yesterday, the euro, trading well below its opening rate to the dollar of $1.17 for most if its existence, has taken on a new buoyancy.