The Euro tumble after S&P downgrade France

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Source: Bloomberg

The shared currency deprecated versus the U.S. Dollar after the Standard & Poor's downgraded France's long-term foreign and local-currency grade from AA+ to AA. The analysts predicted that the Euro is faced for 2.9% drop in next two weeks, while other forecasts that the Eurozone's currency might even loose it's 5% gains against the greenback by mid-2014. 

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