The euro retreats further against the US dollar and yen as investors flow out of the common currency after the IMF warns about Spain's economy and a plan for bad banks in the country. IMF says there could be a possible delay in a bad-bank program in Spain. Bank restructurings could have negative effects on growth and lead to significant declines in Spanish housing prices. Euro slides to a session low of $1.2880 in recent trading, from $1.2942 late Tuesday, according to EBS via CQG. The euro is at Y105.34, also a session low, from Y106.34.
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