BBC: 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.
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.
The dollar has weakened against the euro for six sessions in a row. Dollar at record low against euro (more)
THE FINANCIAL TIMES:
Dollar hits record low against euro By Peter Garnham
THE TELEGRAPH:
Interest rates rise as credit crisis hits British borrowers By Yvette Essen and Richard Tyler
Mark Alexander
