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Dollar Falls to Record; Jobless Claims Rise, GDP Lags Forecast

…``There is very real concern that there is a possibility of a dollar crisis,'' said Paul Chertkow, head of global currency research at Bank of Tokyo Mitsubishi UFJ Ltd. in London, in an interview with Bloomberg Radio. ``I don't use the word crisis lightly; we are in uncharted territory for the dollar, especially against the euro.''…

ドル危機の現実的な可能性。ユーロに対してドルがどこまで安くなるかわからない。

…The U.S. currency has dropped 13 percent versus the euro in the past year as subprime-mortgage losses, the worst housing market in 25 years and soaring credit costs spurred the Fed to cut rates five times since September. The U.S. Dollar Index, which tracks the currency against six major counterparts, touched 73.63, the lowest since its start in 1973. The index is traded on ICE Futures in New York…

昨年、ドルはユーロに対して１３％値を下げ、ＦＲＢは９月以来５回も金利を下げた。

…After trading in a range since November of about $1.43 to $1.49 per euro, the dollar's decline gained momentum this week after Fed Vice Chairman Donald Kohn said on Feb. 26 that turmoil in credit markets and the possibility of a slower economy pose a ``greater threat'' than inflation. The comments drove the euro above $1.50 for the first time…

ＦＲＢは、信用市場の混乱と景気後退はインフレよりはるかに危険だと主張。これによりユーロは高騰。

…Futures on the Chicago Board of Trade show a majority of traders expect the Fed to cut rates to at least 2 percent by mid-year, from 3 percent now. The bank has slashed its benchmark from 5.25 percent in September, and is scheduled to meet next on March 18, and then on April 30.

シカゴは、ＦＲＢは金利を年央までに少なくとも２％まで下げると見る。

``This powerful move in favor of the euro has drawn a lot of people into this trade, particularly momentum model type buyers,'' said David Mozina, a senior currency strategist at Lehman Brothers Holdings Inc. in New York. ``The interest-rate support for the dollar is melting across-the-board.''…

ユーロにとって有利なトレンド。強いドルを支える金利は全面的に溶融。