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Euro hits ten-year low versus yen on liquidity concerns

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dbt Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-29-11 04:33 AM
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Euro hits ten-year low versus yen on liquidity concerns
Source: BBC

The euro has fallen to a ten-year low against the Japanese yen amid renewed concerns over the eurozone crisis.

The euro was trading as low as 100.35 against the yen, its lowest level since July 2001.

The troubled single currency also hit a one-year low against the US dollar, hitting $1.2887. It was trading at 0.836 against the British pound.

The fall comes ahead of a new long term debt auction by the Italian government, closely watched by investors.


Read more: http://www.bbc.co.uk/news/business-16352028
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