Euro hits psychological $1.30 level

Note: This section contains information in English only.
Source: Marketwatch
© Dukascopy
The European common currency fell below $1.30 level against US dollar on Wednesday as Italy faced record high borrowing costs on is 5-year debt.  Euro lost 0.3% touching $1.2995 in afternoon trade. Kathleen Brooks, Forex.com director admitted $1.30 is a psychological level that hasn't been violated for 11 months and the break signals worsening investor sentiments.

 

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