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Dollar hits new low against euro
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The US dollar hit a new record low against the euro as investors sold the currency after the Federal Reserve's hefty interest rate cut. The greenback dropped below the psychologically important $1.40 against the euro, deepening recent losses. The euro jumped to $1.4018 in early Thursday trading, the highest since the launch of the single European currency. ECB hints of interest rate rises, and stronger European growth, have also boosted the euro's value. |
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