Dollar hits record lows against euro and British pound sterling

The U.S. dollar is in its fifth straight year of decline vs. some major world currencies, and is hitting near-record lows against the euro and the British pound sterling.

The pound was trading at $2.01 on April 18, its highest level since 1981, with the euro just shy of $1.36, nearing its December 2004 record of almost $1.37. Canadas loonie was trading at 88 cents.

While a weak greenback is good news for U.S. exporters, its not great news for business travelers or people who are considering a European vacation.

However, the dollar has regained half the value it has lost against Japans yen since 2002 and remains somewhat steadier against Mexicos peso.

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