The dollar’s value dropped to a record low against the euro and fell against the yen, Bloomberg reported, increasing chances of a slowdown in U.S. economic growth.

The dollar hit its lowest value since the initiation of the euro, dropping from $1.4091 to $1.4103 per euro at 9:03 a.m. in New York on Friday.

Compared with six key competitors, the U.S. dollar hit a 15-year low, and Bloomberg News surveys show the lowest consumer confidence level and slowest home sales in five years.

“Dollar weakness will persist,” said Alan Ruskin, head of international currency strategy in North America at RBS Greenwich Capital Markets Inc. “Housing is a major problem, and it isn’t going to go away. This is a dollar negative play.”

The decrease in the dollar’s value may augment the pressure for the Federal Reserve to cut interest rates further. Traders are anticipating another interest-rate reduction before year’s end.