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Euro Drops to 2001 Low Versus Yen on Concerns Greece May Default
The euro dropped to its lowest level since 2001 against the yen and slid versus the dollar as speculation German Chancellor Angela Merkel is preparing for a Greek default curbed demand for the shared currency. The Dollar Index, which tracks the greenback against six U.S. trading partners, climbed for a third day to its strongest level in more than six months as investors bought the safest assets. The yen advanced versus all of its 16 major counterparts. The Australian and New Zealand dollars weakened as Asian stocks extended a global slump in equities and amid reports France’s three largest banks may have their ... (full story)
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