The euro has fallen to an almost two year low against the dollar this afternoon.
The euro declined 0.8 per cent to $1.2407 against the dollar and 1.5 per cent against the yen to 97.96 yen as Spain struggled to rescue its troubled bank and Italy sold less than its maximum target at a debt auction. Analysts said the Spanish difficulties added to signs the European debt crisis is spreading to Europe’s larger economies.
The yen and...
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