Portugal politics rattle euro
24 March 2011 @ 09:11
The euro slipped on Thursday, pulling further away from a 4-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.
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