Euro Drops to Three-Week Low as Holland is Elected French President
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Hemera/Thinkstock(NEW YORK) — The euro fell to a three-week low as France elected French Socialist leader Francois Hollande as their new president, Bloomberg News reports.
The euro fell to $1.3047 at 3:18 p.m. EST. The Bank of Tokyo-Mitsubishi predicts the euro will decline to $1.25 over the following three to six weeks, and then down to $1.20 over the next year, according to Bloomberg News.
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