From Holden:

Georgie’s bulging deficits makes the Euro hard!

The U.S. dollar slumped to a new all-time low Wednesday against the euro as the shared European currency briefly rose above $1.30 after a government report showed the U.S. trade deficit was more than $50 billion in September for the fourth straight month.

The euro rose to $1.3007 after the release of the trade figures, breaking its previous record of $1.2987 set Monday amid ongoing concerns about oil prices and the U.S. trade and budget deficits. The euro later dropped back below $1.30.