Euro tanks on worries about U.S. fiscal cliff

Market Review – 27/12/2012 22:26 All times in GMT Euro tanks on worries about U.S. fiscal cliff The single currency fell sharply on Thursday amid an impasse on Federal budget talks as U.S. Senate Majority leader Harry Reid said the U.S. economy seemed to be heading over the ‘fiscal cliff’ of tax hikes and spending cuts. Although the single currency retreated from Asian high at 1.3245 to 1.3223, euro rose strongly in European morning as early release of better-than-expected French consumer

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Euro tanks on worries about U.S. fiscal cliff

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