Euro hits record highs versus USD, pound

The euro was at record highs against the US dollar and the British pound Thursday after the European Central Bank held Eurozone interest rates at 4 percent and the Bank of England’s Monetary Policy Committee kept UK interest rates at 5.25 percent, as expected in both cases.

The euro touched $1.5373 and 76.92p before trading at $1.5361 and 76.49p in relation to the dollar and the pound at around 11:30 a.m. in New York.

Meanwhile, the pound was above $2 to the US dollar for the first time in two months, trading as high as $2.0096 before slipping back to $2.0084 to the pound in last afternoon trade in New York.

The US dollar was hurt by sentiment that the Federal Reserve will cut interest rates again soon and traded at ¥103.0600 at late morning in New York, while it hit a new low in relation to the Swiss franc at SFr1.028 before trading at SFr1.0294 later.

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