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Euro Falls as Stress Test Results Fail to Alleviate Banking Risk Concern

Euro Falls as Stress Test Results Fail to Alleviate Banking Risk Concern The euro fell, ending its longest weekly rally in nine months versus the dollar, on concern stress tests of European Union banks failed to identify sources of weakness that would aggravate the region’s debt crisis. The 16-nation currency depreciated against the majority of its most-actively traded counterparts, slumping the greatest amount versus growth-sensitive currencies such as the Australian and New Zealand dollars ...
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Added July 24, 2010
from Businessday Nigeria