Dollar reaches record low after US consumer confidence and home prices fall
{{date|October 30, 2007}}

The [[U.S.]] [[US Dollar|Dollar]] fell to an all time low against the {{w|Euro}} after data from the [[United States|U.S.]] heightened concerns regarding an economic recession. 

The U.S. currency traded at 1.444 versus the Euro and reached a 26-year low against the {{w|British Pound}}. An index that measures US consumer confidence fell in October to 95,6 points while in August U.S. home prices declined 4,4%, the biggest fall of the past six years. The data bolsters speculation that the {{w|Federal Reserve}} may cut {{w|interest rates}} in the next meeting. The U.S. central bank is set to decide on interest rates on the 31st of October and economists expect a 25 basis point cut to 4,50%
{{haveyoursay}}
==Sources==
*{{source|url= http://www.bloomberg.com/apps/news?pid=20601083&sid=aQmpqXjn.IMI&refer=currency
|title=Dollar Falls to Record Low After Consumer Confidence Declines 
|author=Min Zeng
|pub=Bloomberg.com
|date=November 30, 2007}}

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[[Category:United States]]
[[Category:Economy and business]]
[[Category:North America]]
[[Category:United States dollar]]
[[Category:Currency]]
The U.S. Dollar fell to an all time low against the  after data from the U.S. heightened concerns regarding an economic recession. 

The U.S. currency traded at 1.444 versus the Euro and reached a 26-year low against the Federal Reserve may cut  in the next meeting. The U.S. central bank is set to decide on interest rates on the 31st of October and economists expect a 25 basis point cut to 4,50%
United States Economy and business North America United States dollar Currency