Dollar hits record low vs. euro

November 20, 2007
Dollar hits record low vs. euro

NEW YORK (Reuters) — The dollar slid to a record low versus the euro Tuesday after the Federal Reserve said a housing slump, tighter credit conditions and high oil prices would likely slow U.S. economic growth in 2008.

The forecast was released along with minutes from the Fed's October policy meeting, which revealed officials' decision to cut rates was a close call following a debate on whether to await more evidence that a housing slump was curbing growth.