Euro falls to 11-month low against the dollar

The euro fell to an 11-month low against the dollar on concern European leaders won’t agree on ways to expand the region’s rescue capacities as debt-strapped nations struggle to fund their deficits.

13th December, 2011
Euro falls to 11-month low against the dollar
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The euro fell to an 11-month low against the dollar on concern European leaders won’t agree on ways to expand the region’s rescue capacities as debt-strapped nations struggle to fund their deficits.

The currency dropped against most of its major counterparts after German Chancellor Angela Merkel rejected raising the upper limit of funding for the European Stability Mechanism, the permanent bailout fund slated to start next year, Reuters reported, citing sources...

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