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Topic: Swathe

euro plummets swathe downgrades

January 15, 2012

Euro plummets on swathe of downgrades

NEW YORK :The euro sank to 16-month lows on Friday, as Standard & Poor's reviewed its credit ratings on 16 eurozone nations, resulting in downgrades for Austria, France, Italy and Spain. The euro dived as low as $1.2624, a level last seen in August 2010, on what proved a grim Friday the 13th ...

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