The euro slid today on the speculation that the banks of the European Union would have hard time to raise the funds amid the signs of the slower economic growth in the region. For now, the currency rose somewhat, but still weaker than yesterday.
Juergen Stark, the member of the Executive Board of the European Central Bank, said that Germany’s bank require more capital, especially the Sparkasse savings banks, which werenât stress tested, and the
EUR/USD went from 1.2719 to 1.2683 as of 8:33 GMT today, following the decline to 1.2665. EUR/JPY slipped from 106.68 to 106.18 after it reached intraday low of 105.96.
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