Euro in Longest Losing Streak Since 2010 as France Downgraded
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The euro slumped for a sixth week, the longest stretch of losses versus the dollar since 2010, as the stripping by France’s top credit rating by Standard & Poor’s magnified concern the region’s financial turmoil will intensify.
The shared currency slid for a third week versus the yen and fell against the majority of its most-traded peers after negotiations between Greece and its creditors were put on hold. Currencies of commodity-producing countries rallied amid bets China’s central bank will ease credit conditions. U.S. inflation rose in December, a report next week may show.