The dollar hit another new low Friday, as U.S. inflation data reinforced expectations that the Federal Reserve may cut interest rates again.
The 13-nation euro reached $1.4234 in late afternoon European trading -- exceeding its previous peak of $1.4189, reached Thursday.
It was the seventh trading day in a row on which the euro broke the record from the previous day. The euro had bought $1.4160 in New York late Thursday.
The euro spiked above $1.42 after the release of data showing that a key measure of inflation in the U.S. eased last month to the slowest pace in 3 1/2 years.
The 1.8 percent rise in core inflation over the past year, which excluded energy and food, was within the Fed's comfort zone for core price increases of between 1 percent and 2 percent, meaning they could cut again.
The data also showed that incomes rose by 0.3 percent last month, slightly lower than had been expected.
In other trading, the British pound rose to $2.0353 from $2.0270 in New York late Thursday.
The dollar was down to 115.21 Japanese yen from 115.59 yen.
The dollar has been sliding since the Fed last week cut interest rates by a larger-than-expected half percentage point. Since then, disappointing U.S. economic data have stoked expectations that another rate cut could follow.