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Euro hits four-month low under $1.28 on Cyprus strains

/ 06:33 PM March 27, 2013


LONDON—The European single currency fell under $1.28 for the first time since November on Wednesday owing to concerns over fallout from the Cyprus financial bailout.

The euro hit $1.2799 about 1000 GMT — the lowest point since November 21 — before recovering slightly shortly after.

TAGS: Business, currencies, Cyprus, Euro, eurozone, Finance, Foreign Exchange
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