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| Version 0 | Version 1 |
|---|---|
| Dollar slides to fresh euro low | Dollar slides to fresh euro low |
| (about 3 hours later) | |
| The dollar fell to a new record low against the euro, amid continued fears over the state of the US economy and worsening credit conditions. | The dollar fell to a new record low against the euro, amid continued fears over the state of the US economy and worsening credit conditions. |
| The US Federal Reserve has cut its discount lending rate, but the move failed to buoy investor confidence. | |
| At one stage on Monday morning it took $1.5904 to buy a euro. | At one stage on Monday morning it took $1.5904 to buy a euro. |
| With giant investment bank Bear Stearns needing emergency funding investors are concerned other banks may follow suit, as the credit crunch claims casualties. | With giant investment bank Bear Stearns needing emergency funding investors are concerned other banks may follow suit, as the credit crunch claims casualties. |
| On Sunday the US Central Bank lowered the discount rate, its lending rate tofinancial institutions, to 3.25% from 3.5%. | |
| As the greenback continues to weaken, investors are opting to place their money in commodities, contributing to the sharp rise in oil prices. | As the greenback continues to weaken, investors are opting to place their money in commodities, contributing to the sharp rise in oil prices. |
| Sweet crude oil climbed to a new high approaching $112 a barrel. | Sweet crude oil climbed to a new high approaching $112 a barrel. |