The euro fell against the dollar Wednesday after the U.S. Federal Reserve and European central banks said they would extend more credit to banks still roiled by financial market turmoil.
The 15-nation euro fell to US$1.5551 in afternoon European trading from the US$1.5586 it bought in late New York trading Tuesday.
The European Central Bank and Swiss National Bank said Wednesday they will make billions of U.S. dollars available to banks still starving for the currency.
The U.S. Federal Reserve said it is extending its emergency borrowing program to Wall Street firms by US$100 billion and is taking other steps to ease a severe credit crunch that …
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