But, I would make more money if I was paid in Euros

Posted by Jim Stroud

July 12, 2007

Have you ever had a candidate you REALLY, REALLY wanted to hire in America make a request to get paid in Euros rather than Dollars? If that seems ludicrous to you, check out the logic behind the request.

The euro has risen to new highs against the dollar, near the $1.38 mark, amid lingering worries about the US economy.

With investors fearful the US housing slump will hit the wider economy, the euro rose as high as $1.3784 before pulling back slightly to $1.3742.

The dollar’s latest fall came after the Standard & Poor’s credit rating agency said it may downgrade $12.1bn of bonds backed by US sub-prime home loans.

Meanwhile, the pound hit $2.032 as it extended its gains against the dollar.

READ: Dollar keeps falling against euro