Euro Drops to One-Week Low Versus Dollar on European Debt Crisis
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The euro declined to a one-week low against the dollar a day after Portugal became the second nation in the currency region after Greece to receive a junk credit rating from Moody’s Investors Service.
The New Zealand dollar gained versus the greenback after the Pacific Tsunami Warning Center canceled a tsunami warning for the South Pacific nation after an earthquake. The Swiss franc, yen and dollar rose against most of their major counterparts as Europe’s sovereign-debt crisis and China’s decision to increase interest rates spurred demand for a refuge.