The euro experienced the second day of losses today as the stress tests failed to convince the investors in the ability of the European banking system to withstand the
The threat of the fiscal crisis’ expansion beyond the boundaries of Greece and Spain turns away the investors from the euro to the relative safety of the U.S. currency. Some economists say that the euro is even overvalued now and the $1.14 level required to bolster the regional exports.
EUR/USD traded at about 1.2567 as of 13:22 GMT today after it opened at 1.2641.
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