Euro tumbles as Moodys downgrades ratings for 15 global banks |
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new times - By : Staff Reporting
The euro fell the most in five months against the dollar as Moody's Investors Service lowered credit ratings on 15 global banks, adding to concern Europe's debt crisis is worsening.
The 17-nation currency weakened amid reports of possible downgrades and remained lower after the announcement late in the New York trading session Thursday.
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