No end in sight for euro's slide

The euro got no relief Tuesday, continuing its steady slide amid a global stock sell-off as worldwide concerns weighed on the shared currency.

The euro has taken a huge hit recently, sliding toward parity versus the U.S. dollar, as debt concerns in European countries have left investors unsettled. The pressure continued Tuesday as global markets took a dive, sending investors to the safe-haven greenback.

The zone's currency is down more than 15% year-to-date against the dollar, and it's fallen almost 10% over the last month alone. The euro has been entrenched in its downward spiral for several weeks, and even major moves have failed to put a floor under the currency.

Read Full Article from CNNMoney

- Posted: 2010-05-25 11:31:42

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