Dollar hits new low against Euro

The dollar has fallen to new historic lows against the euro, this time sent reeling by a report suggesting intervention from the European Central Bank to halt the single currency’s rapid rise is some way off.

Quoting unnamed ECB sources, Market News, a financial news service, said the bank would not consider stepping into the market selling euros until it traded as high as $1.35, and even then, only if the rise was orderly. The ECB declined to comment on the report.