Dollar Falls to Record Low, Bernanke Signals Fed Rate Cut

The dollar fell to a fresh record low against the euro on Wednesday as Ben Bernanke signalled that the Federal Reserve is likely to cut interest rates again next month. The single European currency breached $1.51 after the Fed chairman made it clear that the US central bank remained firmly focused on the risks to growth, in spite of some increase in inflation risk following a run of bad price reports. Read more...

Posted by Editor at February 28, 2008 05:00 AM