PIPS
PIPS
Euro Continues Slide
The euro probed new lows last week, sinking below the $1.05 mark for the first time in its brief and unimpressive history. Traders say that the latest fall occurred because of concerns that Europe might be weakening its stance on minimizing budget deficits. The currency has dropped in value by 10 per cent since its launch. Few market participants interviewed by FX Week expressed much confidence that it would recover in the near future. "I don't see much upside potential right
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