Euro slips in Asia after S&P cuts Spain rating

PUBLISHED : Thursday, 11 October, 2012, 11:02am
UPDATED : Thursday, 11 October, 2012, 11:02am
AFP

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The euro weakened in Asia on Thursday after Standard & Poor’s cut Spain’s sovereign debt rating, changing hands at US$1.2840 in Tokyo morning trade against US$1.2887 in New York late on Wednesday, while it fell to 100.26 yen from 100.74 yen. The dollar declined to 78.06 yen against 78.18 yen.

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