Currencys three-month rally runs up against a deepening credit crunch in Europe.
By Lukanyo Mnyanda and Emma Charlton, Bloomberg|November 05, 2012 at 04:20 AM|Originally published on Treasuryandrisk.Com
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The euro’s three-month rally against all but one of its major peers is imperiled by a deepening credit crunch for European companies that adds to the risk of another recession as the region’s counterparts recover.