Midday trade in New York: dollar rallies

The dollar bounced on Thursday as global growth concerns spurred a flight to safety following a bleak outlook from the US Federal Reserve and persistent uncertainty about Greece's debt crisis. The euro tumbled, hitting record lows against the Swiss franc, and posting steep losses versus the safe-haven dollar. Greek opposition leader Antonis Samaras on Thursday said the only way for Greece to repay its debt was for the government to change its current fiscal policies.
In midday New York trading, the euro fell 1.3 percent against the dollar to $1.41610, taking out options barriers at the $1.42 level.