Euro falls to 10-month low against the dollar

Euros traded at $1.3436 in late morning, the lowest since May 2009, following slightly worse-than-expected inflation data. The eurozone's consumer price index (CPI) ticked down to an estimated 0.9% in February from 1% in January. The market had expected consumer price inflation to repeat the 1% growth. Worries over the Hellenic nation's €300bn ($419bn; £259bn) debt also continue to dog the European single currency. But some reports suggest it has also struggled because hedge funds have been placing huge bets on the currency's decline, which could make the speculators hundreds of mi...