NEW YORK (AP) -- Uncertainty about Cyprus' bailout and the political crisis in Italy is pushing the euro to a four-month low against the dollar.
The euro fell as low as $1.2749, its lowest point against the dollar since Nov. 21. The euro was worth $1.2858 late Tuesday.
Cypriot banks have been for nearly two weeks. They are expected to open again on Thursday following an international bailout agreement that's caused jitters in Europe. Cyprus is closing its second-largest bank and seizing funds from big depositors.
Italy is still struggling to form a government after last month's inconclusive elections.
The British pound fell to $1.5117 from $1.5155.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
Better Buy: Himax Technologies (HIMX) vs. Qualcomm (QCOM)
Will the Taiwanese underdog outperform the world’s top mobile chipmaker again?
Strong Demand, Tax Reform Drive UnitedHealth Profits Higher
Learn how much in tax savings the health insurer will reap.
Will 2018 Be Wheaton Precious Metals Corp's Best Year Yet?
Predicting the future is hard, but Wheaton Precious Metals looks like it has built-in growth that will play out in 2018 and beyond.