Saturday, August 2, 2014
Inquirer Daily News

Euro falls to $1.41 from $1.44 on bank fears

The euro fell 2.5 percent vs the U.S. dollar, its biggest one-day drop ever, after Germany, Holland-Belgium, and the UK had to bail out banks.

Euro falls to $1.41 from $1.44 on bank fears

Specialist Arthur Andrews, foreground, works at his post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)
Specialist Arthur Andrews, foreground, works at his post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)

  The euro fell 2.5 percent vs the U.S. dollar, its biggest one-day drop ever, after Germany, Holland-Belgium, and the UK had to bail out banks, raising fears of more losses to come. The dollar rose by comparison because U.S. bank losses are better understood. Bloomberg story here.

About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

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