Euro has become a 'subprime' currency
The euro has become another ``subprime'' currency, afflicted by debts, funny bookkeeping, regulatory failure and widespread street protests in Greece and Spain.
The euro fell back below the 1.30 usd level against the dollar as solid US data continued to point to US interest rates remaining on hold for some time to come, while a report suggested that euro zone interest rates will not rise more than once more.