Euro hits record high vs dollar just shy of $1.40

The euro struck a record high against the dollar on Thursday, extending gains after the Federal Reserve's deep half percentage-point cut in interest rates earlier this week sparked a broad sell-off in the U.S. currency.
The euro climbed to $1.3997 on electronic trading platform EBS, the highest since the launch of the single European currency in 1999 and just shy of the psychologically important $1.4000 level.