Global-View.com FX Research: FOREX-Euro drops to 4-month low vs dollar, could weaken more

Global-View.com FX Research

FOREX-Euro drops to 4-month low vs dollar, could weaken more Mar 27th 2013, 12:37 7:54am EDT* Euro hits fresh 4-month low versus dollar* Worries grow after Cyprus deal, euro may drop to $1.26* Dollar index hits 7-1/2 month high, yen recoversBy Anirban NagLONDON, March 27 (Reuters) - Mounting concerns that Cyprus's rescue deal could see private investors foot the bill in future euro zone bailouts and renewed uncertainty in Italy pushed the euro down to a four-month low against the dollar on Wednesday.More losses were expected given a soured outlook for the euro zone economy and a risk of capital flight weighing down on sentiment. The euro fell 0.6 percent on the day to $1.2782, its lowest since late November, and down three percent on the year.Hedge funds were cited as big sellers.The euro's drop below

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