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Euro drops as Cyprus bailout spooks depositors

Posted on 26 March 2013

The euro fell on Monday, hit by worries that the Cyprus bailout deal — which includes a controversial tax on some bank deposits — will serve as a blueprint for future financial aid agreements for troubled countries.
The European shared currency (EURUSD) fell to $1.2855, down from $1.3048 in Asian trade and pulling back from $1.2983 in North America late Friday………………………………………..Full Article: Source


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