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Euro dips on report Spain savings banks fail test

Source: Reuters - Fri 23rd Jul 2010

The euro dipped to the day's low against the dollar on Friday after a newspaper report said several of Spain's 18 savings banks have failed tests to see how strong they would be if economic circumstances were more adverse. The euro dipped to as low as $1.2864 on trading platform EBS, down 0.2 percent on the day.

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