Continuing worries about the US trade and budget deficits has led to a new record low in the value of the USD against the Euro.

The Euro reached $1.3516 a the New York Stock Exchange (NYSE), before rallying to $1.3509.

The new low for the dollar was blamed on fears that a fall in the US housing market could hamper consumer spending, and economic growth forecasts with it.

Tags: Exchange Rates News //