Euro falls below $1.27, lowest level in four months

The euro tumbled against the US dollar in Asian trade this morning, falling to its lowest level in four months amid rising concern over the eurozone as debt-hit Greece gets set for fresh elections. The single currency hit $1.2693, its lowest against...

The euro tumbled against the US dollar in Asian trade this morning, falling to its lowest level in four months amid rising concern over the eurozone as debt-hit Greece gets set for fresh elections.

The single currency hit $1.2693, its lowest against the greenback since January 16, while it was buying 101.96 yen, down from 102.12 yen in New York yesterday.

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