SYDNEY: The euro sank to fresh one-year lows yesterday as a sell-off in the single currency gathered momentum, with sentiment decidedly bearish as fears about contagion in the euro zone gripped investors.
The US dollar was a major beneficiary with its index up 0.18%, on top of a 1.4% rise on Tuesday. That was the biggest daily gain so far this year and took the index to the highest since May 2009.
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