Markets Expected to Open Lower as Euro Tumbles

Stock futures fell Tuesday as the euro retreated to a four-year low against the dollar. Markets in the US were idle yesterday for the Memorial Weekend, but last week’s slide is expected to continue when they open today.

In Europe this morning, the euro declined to a low of $1.2112 before recovering slightly to $1.2155 by mid-day trading. Concern over the fate of the euro and signs of a potential property bubble burst in China, have sent investors to the perceived safety of the greenback.

Source: Associated Press

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