Cyprus woes bring down euro

  • 01/04/2013

The euro has weakened against the US dollar to its lowest level for four months.

The European currency has been sold down as the Cypriot banking crisis takes its toll.

Later this week banks in Cyprus will open their doors again, but with capital controls in place.

So what will the knock-on effect be?

Greg Smith, managing director of Fat Prophets, and 3 News business editor Michael Wilson appeared on Firstline this morning – watch the video.

source: newshub archive