We report far-ultraviolet observations of a solar limb flare obtained by the Solar Ultraviolet Measurements of Emitted Radiation (SUMER) spectrometer. At a fixed pointing of the slit above the limb, spectra were simultaneously obtained in several emission lines that covered a wide temperature range from approximate to10(4) to approximate to10(7) K. The temporal evolution of the spectra revealed, for the first time, a high degree of correlation between the dynamical behavior of hot (T similar to 10(7) K) and cool (T similar to 10(4) K) coronal material during the main phase of a flare. We note that the data did not show any indication of the presence of a prominence. Hot and cool plasmas brightened at nearly the same location. Their Doppler shifts, which were opposite to each other, reached peak values simultaneously. Thereafter, the two components showed anticorrelated, rapidly damped, and oscillatory Doppler shifts and a very similar decay of the line widths, but with the cool plasma reaching maximum brightness before the hot plasma. This behavior points to an active role for cool plasma in the dynamics of this flare, different from the usual picture of passive cooling after the impulsive phase. We suggest a model in which the localized cooling of coronal plasma by the thermal instability triggers magnetic reconnection through the resulting enhanced resistivity, the combined processes leading to the correlated dynamics of hot and cool plasmas in a loop-loop interaction geometry.