Euro in new high against dollar

The euro hit a fresh record high against the dollar for a sixth straight session today.

The euro hit a fresh record high against the dollar for a sixth straight session today.

The euro rose to a new peak of $1.4166 versus the dollar. It last traded at $1.4151, up 0.1 percent on the day.

The greenback is still hampered by expectations that the Federal Reserve will cut interest rates again in October.

Traders will look to data due later in the day on new US home sales in August and weekly jobless claims to see whether the data makes a stronger case for another Fed rate cut which would further hurt the dollar's yield appeal.