Euro slides badly

Sunday, 03 November 2013 - 9:02

Euro+slides+badly

The euro slid the most in more than a year versus the dollar as weaker-than-forecast economic data for the currency region fueled speculation the European Central Bank will cut interest rates as soon as at its meeting next week.

 

The greenback climbed the most since June against a basket of 10 major peers after the Federal Reserve said it sees economic improvement even as it plans to maintain stimulus while it awaits evidence of further gains.



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