Euro Declines Against Dollar, Swiss Franc Amid Cyprus Turmoil
The euro weakened against the dollar and the Swiss franc after euro-area finance ministers agreed to an unprecedented tax on Cypriot bank deposits as part of a rescue plan for the country.
Europe’s 17-nation shared currency slid 1.1 percent to $1.2932 at 6:26 p.m. London time. It declined 0.8 percent to 1.2170 Swiss francs.
To contact the reporter on this story: Paul Dobson in London at email@example.com
To contact the editor responsible for this story: Dick Schumacher at firstname.lastname@example.org