Thursday 29 December 2011

Euro Set to End Year on Sour Note; More Pain Ahead

Still, battered by the lack of a comprehensive policy response to the crisis, Italian bond yields nearing levels seen as unsustainable and the dollar-funding crunch faced by cash-starved European banks, the currency could drop as low as $1.20 by the end of 2012, analysts said.  "The euro has moved ...


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