Euro slumps to new two-year low under $1.22

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The European single currency fell below $1.22 on Thursday, striking a fresh two-year low amid the eurozone crisis and as traders saw receding prospects of US Fed stimulus measures.
At about mid-day, the euro dived as low as $1.2185, striking the lowest level since June 30, 2010. That compared with $1.2238 late in New York on Tuesday.