Euro hits 16-month low vs dollar; risks mount
1/9/2012 10:57:13 AM
SINGAPORE: The euro hit a 16-month low versus the dollar and an 11-year trough against the yen on Monday following a slew of negative news from the euro zone over the weekend.
Markets were also bracing for debt sales from Spain and Italy on Thursday and Friday, seen as a major test of investor willingness to plough more money into the region's troubled countries following recent steps to address their debt problems.
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