Deep recession feared in USA
"The dollar has fallen to a fresh record low against the euro, after weak
economic data renewed fears that the US economy may be facing recession.
"After figures showed a sharp rise in US home foreclosures and another
fall in American consumer confidence, the euro hit an all-time high of
"Traders say the Federal Reserve may have to cut interest rates again,
which would further undermine the dollar.
"Meanwhile, US crude oil rose $2.20 to a fresh record of $101.43 a barrel."
Deep recession feared in U.S.
"Economists are no longer talking about a U.S. recession but a deep
recession after figures yesterday showed business sentiment continued to
plummet in early February."