* SEuro breaks above the psychological $1.40 level for the first time, continuing its rally since the Fed slashed its fed funds and discount rates by 50 basis points to 4.75 percent and 5.25 percent, respectively, on Sept 18 in a bid to contain the economic damage from the unfolding credit crisis. inflation data fans expectations the Fed will soon deliver another rate cut. * Euro prints a fresh all-time high of $1.4281, according to Reuters data, after tame U.S. * Euro climbs above $1.43 for the first time ever to as high as $1.4310, according to Reuters data, as the dollar sags across the board on the back of Bank of America's earnings and weekly U.S.
