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Convert 5 dollars to Euros
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Convert 5 Dollars to Euros
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Convert 5 dollars to Euros. Currency conversion calculator.
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             The dollar dropped sharply yesterday against a range of major currencies, with the euro breaking through $1.30 for the first time in a year and a half. The fall highlighted concerns about softness in the American economy as economies abroad continue to expand.

The currency sell-off came as investors weighed a number of issues that complicate the prospects of the United States in the coming months, including a huge trade imbalance with China and a slowing domestic housing market. On top of that, economic growth in some European countries is gaining momentum, threatening to siphon investment away from the dollar.

The dollar's losses came in a thin trading day in which the British pound rose to its strongest value against the dollar in two years. The euro traded at $1.3079 yesterday afternoon, up from $1.2941 on Thursday. The pound was trading at $1.9317, up from $1.9156.

Stocks closed lower on Wall Street yesterday after a shortened holiday trading session that was soured by news of the dollar's woes.

"To dismiss this as a technical correction is to overlook the structural reasons why the U.S. dollar is having a very hard time these days," said Hans Redeker, global head of currency strategy at BNP Paribas in London.

This is not the last we will see of the dollar decline.
Convert 5 dollars to Euros. Currency conversion calculator.
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