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| Version 2 | Version 3 |
|---|---|
| Dollar in new slump against euro | Dollar in new slump against euro |
| (about 2 hours later) | |
| The dollar weakened against the euro to hit a new record low, amid continued fears over the state of the US economy stoked by poor job figures. | The dollar weakened against the euro to hit a new record low, amid continued fears over the state of the US economy stoked by poor job figures. |
| At one point it took $1.5463 to buy a euro, before the dollar strengthened to $1.5335 in late-afternoon US trade. | |
| Meanwhile, one pound was worth $2.0173, and at one stage it took 101.40 yen to purchase one greenback. | |
| Figures showing a decline of 63,000 US jobs in February came as a surprise, as analysts had expected a rise. | Figures showing a decline of 63,000 US jobs in February came as a surprise, as analysts had expected a rise. |
| The euro and sterling have been boosted against the dollar by Thursday's decisions in Frankfurt and London to keep interest rates on hold. | The euro and sterling have been boosted against the dollar by Thursday's decisions in Frankfurt and London to keep interest rates on hold. |
| European firms are finding it harder to sell their goods as they become relatively more expensive than US products. | European firms are finding it harder to sell their goods as they become relatively more expensive than US products. |
| Speaking on Thursday, the head of the European Central Bank, Jean-Claude Trichet, said it was likely the euro would remain strong. | Speaking on Thursday, the head of the European Central Bank, Jean-Claude Trichet, said it was likely the euro would remain strong. |
| The US Federal Reserve has been reducing interest rates to tackle the cooling economy, but the ECB reiterated the need to focus on addressing inflation and suggested a rate cut was not imminent. | The US Federal Reserve has been reducing interest rates to tackle the cooling economy, but the ECB reiterated the need to focus on addressing inflation and suggested a rate cut was not imminent. |
| Inflation in the eurozone has reached its highest in six years. | Inflation in the eurozone has reached its highest in six years. |