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Euro hits 17-month low versus dollar
The euro declined to approximately $1.116, reaching its lowest level in about 17 months, due to escalating concerns over the financial and political situation in the Eurozone, including issues related to France and Spain's debts and opportunities, as well as rising political uncertainty. Meanwhile, the US dollar increased in value due to rising Treasury bond yields, despite a decline in some American economic data, which boosted its attractiveness against major currencies. This ongoing pressure on the euro persisted as markets awaited any new developments in the region.
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