15 July 2003, 19:18  Euro falls to fresh 2-month low vs dollar

NEW YORK, July 15 - The euro fell to a fresh two-month low against the dollar on Tuesday as Federal Reserve Chairman Alan Greenspan said the U.S. economy is poised for recovery, helping to break through technical resistance levels. The euro traded as low as $1.1231 , a loss of 0.40 percent from Monday's New York close "Greenspan was not completely negative, and he provided just enough to break through the stop-losses at $1.1245. Bids will come into the market around the $1.1230 area with more stop-losses below $1.1210," said Ralph DelZenero, managing director of foreign exchange at Bank One in Chicago.//

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