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

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06:33 PM March 27th, 2013

March 27th, 2013 06:33 PM

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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.

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