The euro on Friday broke through the $1.30 level for the first time since April 2005, and continued hovering above that barrier. On Wednesday, economic data showed waning U.S. consumer confidence and growing jobless claims, prompting a big dollar sell-off. Banks also fell in Europe on concerns equity market losses could hit future profits. In early exchanges, London FTSE 100 fell 0.5%, Frankfurt Xetra Dax shed 0.9%, in Paris the CAC 40 lost 0.7%. |
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