The euro dropped against the dollar amid concern Greece's debt problems will undermine the region's economic recovery.
The 16-nation euro last week touched an eight-month low versus the greenback ahead of a two-day meeting of European Union finance ministers beginning today that may provide details of a Greece bailout. The dollar may climb for a second day against the yen before a report tomorrow forecast to show manufacturing in the New York region expanded, adding to signs that the world's largest economy is on the mend.
The euro fell to $1.3623 as of 8:55 a.m. in Tokyo from $1.3632 in New York on Feb. 12 when it reached $1.3532, the lowest since May 19. The euro was at 122.65 yen from 122.62 yen in New York. The dollar traded at 90.05 yen from 89.96 yen on Feb. 12.
Source BloombergUTV
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment