BBC: The US dollar has fallen to new record lows against the euro as investors fret about a world credit crunch.
In European trading, the greenback dropped as low as $1.3927 against the euro, deepening Wednesday's losses.
The dollar has fallen in the past week, amid hopes that Federal Reserve will cut interest rates in a bid to reassure markets over current credit fears.
Analysts expect rates to fall by between a quarter and half a percentage point when the Fed meets next week.
However, as the dollar has weakened, the euro has gained momentum after recent comments from the European Central Bank (ECB) hinting at the possibility of future interest rate rises. Dollar hits new low versus euro (more)
Mark Alexander
