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Euro hits one-year low against the dollar

 Amid growing fears over the sovereign debt issues of few European countries euro continued it’s downward spiral hiting a fresh one-year low against the dollar in Asia Wednesday.
Downward spiral accelarated after Standard and Poor’s  downgraded Greece’s government debt to junk status and sliced Portugal’s ratings by two levels.
The downgrades fueled worries that a sovereign debt problem could [...]