The euro soared to a record $1.4130 in early trading this morning. It later fell back to just over $1.41.
The currency has gone from record to record against the dollar over the past few weeks as investors continue to worry about the state of the US economy. A half-point cut in US interest rates last week also weakened the US currency.
Traders say there are still concerns that the reduction in US interest rates may not be enough to avert a sharp slowdown in the US economy.
