US dollar at new Euro low

The dollar has fallen to a record low against the euro as traders bet that further interest rate cuts will be needed to stem a US recession.

And Bernanke may well drop interest rates further.   though that does not mean confidence will return in the same way as previously – or should we say “irrational exuberance”?

Another Fed rate cut ... how low can you go, Ben?
US rates down again

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