Euro sets new record against the US dollar:

Euro climbs to fresh dollar peak

The euro has hit a fresh high against the dollar, as negative views of the US economic outlook continue to take their toll on the US currency.
A steady sell-off of the dollar meant that one euro was worth $1.4571 at one point, while the pound hit $2.09 for the first time since the 1980s.
A steady stream of bad news coming from the US mortgage sector has sparked fears for the health of the economy.
These fears have prompted investors to sell dollars and buy euros or pounds.