Bloomberg News

Euro Stays Weaker as Draghi Says Some Growth Risks Materialized

July 05, 2012

The euro stayed weaker against the dollar as European Central Bank President Mario Draghi said some risks to growth have “materialized.”

The 17-nation currency slid 1 percent to $1.2398 at 1:33 p.m. London time, falling to less than $1.24 for the first time since June 4. The euro dropped 0.8 percent to 99.24 yen.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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