The Canadian dollar weakened against the U.S. currency on Wednesday, giving up gains made early this week, on intensified fears about Europe’s lingering debt crisis after a dire rating agency warning about the euro.
The euro slid to a 16-month low against the dollar and global stocks and other risky assets slipped after Fitch Ratings warned of serious risks if Europe did not act more aggressively to contain its debt crisis.
Regards,
Don
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(Money Morning, 5/4/12)
The Gloss is Coming Off the Eurozone
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