Euro Slumps On Cyprus Plan To Tax Bank Deposits

The euro slid on Monday, hit after Cyprus said it plans a one-time levy on bank deposits as part of a bailout deal with international lenders. The euro (EURUSD) — the single currency for 17 European Union nations, including Cyprus — fell to $1.2954, slumping from $1.3076 in North American t…

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Euro Slumps On Cyprus Plan To Tax Bank Deposits