Europe's Policy Makers Fret Over Dollar Slide [View All]

[Khephra]

LONDON (Reuters) - European policy makers voiced growing fears on Tuesday that the dollar's slide against Europe's single currency may jeopardize global recovery.

As the dollar traded near record lows against the euro, the European Commission warned that sharp exchange rate moves were bad for growth. It said the issue was certain to figure at next week's meetings of euro zone finance ministers.

In Britain, finance minister Gordon Brown told business leaders the currency gyrations posed yet another challenge to the world economy as it also grappled with high oil prices, trade imbalances and Middle East instability.

"All of you are having to cope with the doubling of oil prices, rising world commodity prices, uncertainty in the Middle East, large current account imbalances between Europe, Asia and America and the changing values of the dollar, euro and pound," he told a business conference in Birmingham, central England.

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