FOREX-Portugal politics, euro zone debt issues rattle euro - Reuters

By
Viraj
on March 24, 2011 6:09 PM | | TrackBacks (0)
Share this * Euro slips, may retreat more from 4-½ mth peak * Portugal politics weigh on euro * EU set to delay decision on euro zone bailout fund * Yen trapped by wariness over intervention By Masayuki Kitano and Naomi Tajitsu ...

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SINGAPORE/HONG KONG, March 24 (Reuters) - The euro slipped on Thursday, pulling further away from a 4-½ month high versus the dollar on heightened worries that political instability in Portugal may force it to become the latest country in the region to seek a European Union bailout. The single currency slipped to the day's low of $1.4071 as concerns about weakness in debt-heavy euro zone economies were highlighted by a media report that ratings agency Moody's would downgrade the credit ratings of Spanish banks on Thursday.

FOREX-Portugal politics, euro zone debt issues rattle euro - Reuters

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