Euro hits new record against dollar

http://rawstory.com/news/afp/Euro_hi..._09202007.html

Published: Thursday September 20, 2007

The euro on Thursday hit a new record of 1.4006 dollars as US interest rate cuts took a new toll on the American currency.

Markets are also nervously awaiting statements on the American economy by US officials later in the day.

The euro has hit new highs regularly since the rate cut on Tuesday. It rose to 1.3988 dollars during Wednesday's trading in Europe before falling back to 1.3949 dollars.