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Euro Posts Worst Quarter on Record as Greek Aid Talks Stall

relates to Euro Posts Worst Quarter on Record as Greek Aid Talks Stall
Photographer: Simon Dawson/Bloomberg
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The euro posted its biggest quarterly slide versus the dollar since its inception as Greece struggled to avert a default.

The 19-nation currency’s share of global reserve holdings fell to the least in 12 years amid the European Central Bank’s unprecedented monetary stimulus. That contrasts with the U.S. Federal Reserve, which is on track to raise interest rates this year for the first time since 2006.