Eurozone crisis: Spanish fears send euro near to two-year low against dollar

Bank of Spain governor Miguel Angel Fernández Ordóñez. Photograph: Susana Vera/Reuters

The euro sank to a near two-year low against the dollar on Tuesday amid worries about the solvency of Spanish banks, and as the governor of the country’s central bank quit. The single currency fell below $1.25 after rating agency Egan-Jones cut the country’s credit rating. Against the pound it was worth 79.95p.

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