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| Version 0 | Version 1 |
|---|---|
| Dollar at record low against euro | Dollar at record low against euro |
| (10 minutes later) | |
| The US dollar has fallen to a record low against the euro as investors bet that the Federal Reserve will cut interest rates to help the economy. | The US dollar has fallen to a record low against the euro as investors bet that the Federal Reserve will cut interest rates to help the economy. |
| The US dollar dropped to $1.388 per euro, passing the previous record of $1.3852 that was set on 24 July. | The US dollar dropped to $1.388 per euro, passing the previous record of $1.3852 that was set on 24 July. |
| Many analysts are predicting that the Fed will cut interest rates next week as it looks to reassure markets and consumers amid a global credit crunch. | Many analysts are predicting that the Fed will cut interest rates next week as it looks to reassure markets and consumers amid a global credit crunch. |
| At the same time, there is speculation that European rates may rise. | At the same time, there is speculation that European rates may rise. |
| "The market's main focus remains on US economic fundamentals," said Tomohiro Iwata of Goldman Sachs. | |
| He added that investors would be debating whether the Fed will cut rates by a quarter or a half of a percentage point, and what comments they make following the any move. |