The Euro Falls Closer to USD

01 mins 13 secs

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The Euro fell to its lowest exchange against the U.S. dollar since 2002, landing at $1.0283 EUR/USD on July 5th. Continued concerns about economic slow down in Europe is driving the currency to loose value, a trend that Nomura forecasts will continue until the currencies reach parity, as asset managers look for safe havens outside the continent.

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