Euro Falls to 11-Month Low

By Paul Riegler on 14 December 2011
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The euro fell to $1.3037, its lowest level against the dollar since January, amidst concerns over the European economy and the debt crisis.

Since the currency’s high for the year in May, the euro has fallen 12%.  Analysts have warned that the euro is likely to fall further in 2012, possibly settling in at $1.25.

The euro started 2011 at $1.34 and hit $1.4849 in early May

Accura News

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