Dollar Sinks to New Low (AP)

more: http://biz.yahoo.com/ap/071026/dollar.html?.v=3

AP
Dollar Sinks to New Low
Friday October 26, 7:37 am ET
Dollar Continues Descent With Interest-Rate Talks in High Gear

FRANKFURT, Germany (AP) -- The dollar fell to another new low against the euro Friday in midmorning trading on speculation that U.S. interest rates will be cut again.
After rising to a record $1.4375, the euro slipped back to $1.4369, higher than the $1.4319 it bought in late Thursday trading in New York.


The euro last hit a record high against the dollar Monday, rising to $1.4348.

The euro was lifted higher by a spate of sour economic reports from the United States, including a report that showed U.S. orders for durable goods dropped 1.7 percent in September, after an even bigger 5.3 percent plunge in August.

That was the first back-to-back decline in more than a year and took economists by surprise.

Well, I did not find it, but I remember the 1970s.