Euro sets new dollar record

THERE was no let-up for exporters to the US yesterday as the euro reached a new lifetime high against the dollar.

Afternoon trading saw the euro rise to $1.2150 as it broke records for a fourth consecutive day.

Analysts predicted the dollar could fall to levels as low as $1.25 or $1.30, which Friends First economist Jim Power said had the potential to “decimate” European economies.