LONDON (AP) — The euro's descent saw it hit a new one-year low against the dollar on Tuesday, but the currency risks snapping back higher this week if the European Central Bank fails to back up its recent talk of stimulus with action.
An attack on a convoy killed 11 members of the Egyptian security forces in the Sinai Peninsula on Tuesday, security and medical sources said. Two were killed by a roadside bomb and the others were shot as they tried to flee, the security sources said. Security sources said earlier that the attack killed 10 soldiers. Militants in Sinai have stepped up attacks on policemen and soldiers since then-army chief Abdel Fattah al-Sisi toppled President Mohamed Mursi of the Muslim Brotherhood in July 2013.