Euro slips below crucial support level

Just before midday the euro fell to $1.2945, the lowest it has been against the dollar since 12 January, having begun falling sharply yesterday afternoon. After passing through the support level, it then strengthened marginally, and was trading at $1.2991 at the time of writing. The single currency had until recently been resilient to the crisis raging across the eurozone, but the latest round of talks - which are now showing signs of failing - have pushed investors' nerves too far. In total the euro has fallen more than $0.11 against the dollar from the end of October high, when i...