© Dukascopy Bank
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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.