Euro low against Dollar and Yen
Immense pressure from investors kept the euro low as uncertanities deterred investors from venturing into risky currencies. Jessica Hoversen, a foreign-exchange and fixed-income analyst at the futures broker MF Global Ltd. in Chicago, said: "Greece was uncovered, and the bloodhounds are out now in the market looking for fiscal instabilities. In the recent week, there has been increased rhetoric about Portugal and Spain. It’s putting pressure on the euro.”
The euro slid 1.3 percent to $1.3678. Against the yen, the euro dropped 2.4 percent to 122.09. The dollar fell 1.1 percent to 89.25 yen.
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