Dollar falls to another euro low

[eppur_se_muova]

Source: BBC

The dollar has fallen to yet another all-time low against the euro, after further weak US economic data.

Figures showed that US consumer confidence has fallen to a near two-year low, while house prices have seen the sharpest drop in 16 years.

Analysts said the data boosted expectations that the Federal Reserve will cut interest rates still further.

In early trading, the euro hit a high of $1.4162, before pulling back to $1.4123 by mid-afternoon in Europe.



Read more: http://news.bbc.co.uk/2/hi/business/7013608.stm

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