The Euro just hit a 4-month low against the USD on Greece's debt concerns. It looks like it can drop further. Here's the article from Bloomberg.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aTlPpu2CgJsg&pos=2
Recall that on Dec. 8, Fitch downgraded Greece's debt on concerns about an uncontrollable budget deficit. Greece has the 33rd largest GDP in the world.
Here's a chart of the EUR/USD.
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