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Euro fell against the Dollar

Friday, 06 January 2012
The euro's value has fallen to the lowest in almost a year and a half. On Thursday, the fall corresponds to €1 to $ 1.2789


The euro's value has declined partly because of concern about the Spanish Finance Ministry warning yesterday that that the Spanish banks may need up to €50 billion in capital. Banks need capital to cope with the losses and bad loans have caused. Not since September 2010, the euro has been valued so low against the dollar.
Finland is the only Nordic country that uses the Euro
By Scancomark.se Team


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