Euro touches four-year low against dollar

BBC News
May 17, 2010


The euro has pulled back from a four-year low against the dollar, although fears over the strength of the eurozone economy remain.

The euro fell to $1.2237 in early trade on Monday, but then recovered to trade at $1.2307.

Traders fear that the austerity measures being put in place in many eurozone countries will hit growth.

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