Euro hits five week-low on Barroso announcement

Source: Bloomberg
© Scanpix/Reuters

On Wednesday 17-nation currency dropped against US dollar reaching five week low as European Commission President Jose Barroso claimed euro area is facing total crisis.  In New York pre-trading session Euro lost 0.3% reaching $1.3498. Currently the pair is trading at 1.3471. According to Barroso, there will be no solution to crisis without economic growth.

 

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Wed, 16 Nov 2011 16:26:01 GMT

Investors consider US as safe haven

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