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LONDON, Jan 22: The dollar was weaker against the euro on Tuesday after the US central bank cut interest rates by an unprecedented three quarters of a point in an effort to keep the US economy out of recession.
Dealers said the dollar had a rollercoaster ride to match that of stocks as investors tried to get a fix on the US outlook amid growing worries the collapse of the US housing market will put the economy into reverse.
In late European deals, the euro was quoted at $1.4616, jumping off an early low of $1.4365 and $1.4455 in New York late on Monday.—AFP
