Euro sinks to 4-month low vs dollar on Cyprus, Italy woes

The euro skidded to its lowest level against the U.S. dollar in four months on Wednesday, weighed by a weak Italian bond auction and concerns that Cyprus’ recent rescue deal could serve as an archetype for future bailouts in the region. Italy paid more to borrow over five years than it has since …

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Euro sinks to 4-month low vs dollar on Cyprus, Italy woes