The euro dipped on Tuesday after Standard & Poors said it may carry out a mass credit downgrade of euro zone countries if their leaders fail to move decisively on solving the region\'s debt woes at a summit later this week.
Risk currencies came under further pressure after the Reserve Bank of Australia in a widely expected move cut rates by 25 basis points and left the door open for further easing, sending the Australian dollar to $1.0190, down from a peak of $1.0305 hit overnight.
Risk currencies came under further pressure after the Reserve Bank of Australia in a widely expected move cut rates by 25 basis points and left the door open for further easing, sending the Australian dollar to $1.0190, down from a peak of $1.0305 hit overnight.
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