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Euro falls to 16-month low vs. dollar

Filed In: Europe News | Posted by admin | on January 6th, 2012 |

Worries about Europe’s banking sector have pushed the euro to its lowest rate against the US dollar in 16 months. Euro has tumbled to its lowest rate against the dollar in the past 16 months as confidence in the European Union (EU)’s financial institutions continues to deteriorate and concerns over the eurozone debt crisis grow.

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