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Euro Slips to 10-Month Low as Fitch Cuts Credit Rating for Portugal, British Pound Extends Decline

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The Euro tumbled to a 10-month low of 1.3344 during the overnight trade as European policy makers favored the International Monetary Fund’s involvement in the bailout of Greece, and the single-currency could face increased volatility over the remainder of the week as the European Union kicks off its summit on Thursday.

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