Euro falls 11 months low against dollar
On Monday, euro chops down to its lowest and weakest in 11 months against dollar with dollar continuing to avail from takeover of mortgage lenders, Fannie Mae and Freddie Mac, by government of United States.
Lowest since October 2007, euro was cited $1.4119
Director of foreign exchange trading at Scotia Capital in Toronto, Steven Butler, said that investors have got more incentive for buying dollar as compared to euro, with the takeover of the two mortgage companies Fannie and Freddie by the government of United States.