Decline of the euro against the dollar

Euro / dollar rises to highest price amid hopes of resolving the economic crisis

Decline of the euro against the dollar today after a speech to near and Spanish Economy Minister Elena Salgado said there were no plans on the table to increase the size of the euro zone rescue fund two trillion euros.

The euro dropped 0.23% to 1.3488 dollars from 1.3530 dollars around after hitting a session low at 1.3478 dollars earlier.

The single European currency has gained some support from speculation that policy makers will strengthen the euro zone rescue fund to recover from the lowest level in eightmonths, his record yesterday at 1.3360 dollars.