Euro Tumbles on Greek Austerity Concerns

The euro fell sharply Friday morning as investors questioned Greece’s ability to pass into law the measures required to reduce the budget deficit in exchange for emergency funding. There is a concern that Greece’s Prime Minister will be unable to convince enough legislators to support the bill.

The euro retreated from a session high of $1.4306 losing almost half a percent to fall to a session low of $1.4190.

Source: Reuters

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