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Euro posts record quarterly drop; Wall St ends day lower
The euro closed out the worst quarter in its 15-year history on Tuesday, slammed by monetary policy changes and worries about Greece, while U.S. stocks retreated a day after posting big gains. But the S&P 500 and the Nasdaq registered their ninth straight quarterly gains. The euro skidded 11 percent against the dollar in the first quarter reflecting investors' expectations of divergent monetary policies. Investors are betting that the U.S. Federal Reserve will raise interest rates this year, while the European Central Bank's one-trillion-euro economic stimulus program is weakening the euro. The euro on Tuesday was ... (full story)