Not good: Euro falls to 5-week low against dollar

[RB TexLa]

NEW YORK (AP) — The euro fell to a five-week low against the dollar Wednesday on worries that Europe's debt crisis is spreading. The dollar was mixed against other currencies as traders kept their focus on Europe despite some positive economic data in the U.S.

Borrowing costs in Italy, Spain and France have risen this week. Higher borrowing costs are a sign that investors are worried that those countries may have trouble paying their debts. On Wednesday, the yield on Italy's 10-year bond was just below 7 percent. Greece had to seek a bailout from its lenders after its borrowing costs rose that high. Borrowing rates for Spain and France are above 6 percent and 3 percent, respectively.

The euro fell to $1.3512 in late trading Wednesday from $1.3543 late Tuesday. It fell to $1.3427 earlier, the euro's lowest point since Oct. 10.



http://news.yahoo.com/euro-falls-5-week-low-against-dollar-163108703.html