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Euro worries hit currencies

Posted on 25 May 2011

Recent depreciation in regional currencies was sparked by renewed concerns about sovereign debt in Europe, says Prasarn Trairatvorakul, the governor of the Bank of Thailand.
The decision by Standard & Poor’s to downgrade its outlook on Italy’s sovereign credit rating from stable to negative has caused anxiety that it could follow Greece, Portugal and Ireland into a debt crisis……………………………………….Full Article: Source


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