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Euro sinks to lowest since April 2003 as low yields hurt

Wednesday, March 11, 2015 - 16:26
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The euro took another lurch lower against the dollar on Wednesday, the huge gap between eurozone and US government bond yields driving the single currency to its lowest since April 2003.

[LONDON] The euro took another lurch lower against the dollar on Wednesday, the huge gap between eurozone and US government bond yields driving the single currency to its lowest since April 2003.

By 0806 GMT, the euro was 0.5 per cent lower on the day against the dollar at US$1.0643. It has lost 12 per cent of its value so far in 2015 and around 35 per cent since last May.

It also fell 0.3 per cent against the yen to 129.12 yen, its lowest since the middle of 2013.

REUTERS