Markets
Euro slides to two-month low vs US dollar
NEW YORK : The euro accelerated its fall on Thursday, sliding to two-month lows against the dollar as European Central B
NEW YORK: The euro accelerated its fall on Thursday, sliding to two-month lows against the dollar as European Central Bank President Jean-Claude Trichet said growth risks in the euro zone economy have shifted to the downside.
That wasn't the case a month ago when he perceived the growth risks as more balanced.
Traders said stop losses were triggered below $1.3970, with the euro falling to $1.39430 on trading plaform EBS, its lowest since July 12. It was last at $1.39720, down 0.9 percent.
COPYRIGHT REUTERS, 2011
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