Euro moves toward its first yearly nonstop drop since 2001

Note: This section contains information in English only.
Source: Bloomberg
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17-nation currency depreciated 0.2% against US Dollar reaching $1.2937on London morning trade, escalating current year's drop to 3.3%. The euro is moving towards its first continuous fall since 2001 amid growing concerns about Europe's ability to tame debt crisis. The Euro Zone probably is in a slight recession already, suggests Michael Turner, a currency strategist at Royal Bank of Canada. EUR/USD currently trades at $1.2917. 

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Fri, 30 Dec 2011 12:31:07 GMT

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