The euro declined 0.3 percent to a one-week low of $1.3106 by 8:30 am in New York this morning as investors worried that the slowing rate of growth in the Eurozone could prolong the debt crisis.
Ã¢â‚¬Å“The data weÃ¢â‚¬â„¢ve seen over the course of recent days continues to highlight the divergence in performance between the core and periphery of Europe,Ã¢â‚¬Â said Ian Stannard, a senior currency strategist in London at BNP Paribas SA. Ã¢â‚¬Å“Issuance is going to pick up quite strongly over the course of the coming weeks and months, another concern for the euro.Ã¢â‚¬Â
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