The currency fell to $1.2997 against the dollar during trading on Tuesday morning, its lowest point in two months although it later clawed back losses after US consumer confidence brightened in November to the highest level in five months.
One area of concern is that Spain’s economy is twice as big as that of Greece, Ireland and Portugal combined, prompting fears the euro region’s €750bn safety net may not be big enough if the country requires aid.
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8170267/Euro-slide-gathers-pace-on-debt-crisis-fears.html
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