Euro hits lowest level against US dollar since July 2010

 

The euro has hit a 22-month low against the US dollar amid worries that Greece might have to exit the eurozone. 

The single currency slipped by nearly 1.5 percent to USD 1.2554 on Wednesday, hitting its weakest level against the dollar since July 2010, Financial Times reported. 

The depreciation follows the former Greek Premier Lucas Papademos’ remarks on the potential of Greece’s departure from the euro. 

"The risk of Greece leaving the euro is real and it depends effectively on whether the Greek people will support the continued implementation of the economic program," he said.