The euro dropped against the dollar for a third straight day on Friday and was on track for its worst week since mid-December after debt-burdened Spain challenged the European Union's new fiscal pact.
Spain, the euro zone's fourth-largest economy, set a softer 2012 deficit target than originally agreed to under the euro zone's austerity drive.
Earlier in the global session, the euro was pressured by a surprise slide in retail sales in Germany, the euro zone's largest economy. Read More



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