Euro on decline owing to debt crisis

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Euro on decline owing to debt crisis

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Euro has lost value against dollar owing to European uncertainty over loans.

11 July,2011 05:57 pm

Experts say the debt crisis is likely to hit Italy. Euro price decreased from $ 1.42 to $ 1.41 in Tokyo.Euro also lost price against yen, with euro price closing at 114.59 yen.Despite rising joblessness in the United States, the European currency continues to shed value.