Greenback hits another all-time low against euro, declines against yen, after U.S. jobs cuts reach highest level in nearly 5 years.
The dollar sank to a new low Friday against the euro, and neared a three-year low against the Japanese yen, after data showed U.S. job cuts hitting the biggest monthly number in five years.
The U.S. Labor Department said American employers cut 63,000 jobs in February - the starkest sign yet that the United States is heading toward a recession or in one already.
Those fears pushed the 15-nation euro to $1.5463, its first-ever rise above $1.54. It marked the latest in a string of record highs before it settled back slightly to $1.5413 in afternoon European trading - still above the $1.5370 it bought late Thursday in New York.
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