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| Version 3 | Version 4 |
|---|---|
| Dollar falls to another euro low | Dollar falls to another euro low |
| (about 8 hours later) | |
| The dollar has fallen to yet another all-time low against the euro, after further weak US economic data. | 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. | 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. | Analysts said the data boosted expectations that the Federal Reserve will cut interest rates still further. |
| In early trading on Wednesday, the euro hit a high of $1.4162, before pulling back to $1.4131 by 2230 GMT. | |
| 'Anti-dollar momentum' | 'Anti-dollar momentum' |
| The Fed cut US interest rates to 4.75% from 5.25% last week, in a move aimed at restoring confidence in both the housing and financial markets. | The Fed cut US interest rates to 4.75% from 5.25% last week, in a move aimed at restoring confidence in both the housing and financial markets. |
| It was the first US rate cut in four years. | It was the first US rate cut in four years. |
| "Momentum to sell the dollar remains strong," said Hideaki Inoue, foreign exchange manager at Mitsubishi UFJ Trust and Banking in Tokyo. | "Momentum to sell the dollar remains strong," said Hideaki Inoue, foreign exchange manager at Mitsubishi UFJ Trust and Banking in Tokyo. |
| In further bad news for the US economy on Wednesday, orders for durable goods, which include everything from washing machines to commercial jets, fell by a bigger-than-expected 4.9%. | In further bad news for the US economy on Wednesday, orders for durable goods, which include everything from washing machines to commercial jets, fell by a bigger-than-expected 4.9%. |
| The high value of the euro has caused concern among European exporters, as it makes their products more expensive in the US. | The high value of the euro has caused concern among European exporters, as it makes their products more expensive in the US. |
| Planemaker Airbus has already warned that jobs could be affected if the euro remains so strong. | Planemaker Airbus has already warned that jobs could be affected if the euro remains so strong. |