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Dollar stays near record euro low BBC
After disappointing US economic data overnight, one euro was worth $1.4280 by late morning in Europe, just short of Thursday's all-time $1.4311 low. Analysts said the rise in US unemployment makes the Federal Reserve more likely to trim rates this month. Against Japan's yen, the dollar remained near a three-week low. The greenback was at 115.05 yen in early Friday trade. Rejuvenate confidence Commentators now expect the Fed to trim US interest rates from 4.75% to 4.5% when it next meets later this month.
The dollar has been sliding since the Federal Reserve cut rates from 5.25% to 4.75% in September to help rejuvenate confidence in the world's largest economy. This followed a summer of turmoil in the world's credit markets, sparked by record loan defaults in the US sub-prime mortgage sector. Since then, a raft of mostly disappointing economic news and soft inflation figures has prompted the anticipation of further rate cuts.
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The US dollar remained near record lows against the euro in early
Friday trading, on growing expectation of a further American interest
rate cut. 
