Early trade in New York: Euro drops, yen rises

30 Mar, 2012

The euro slid against the dollar and the yen on Thursday as investors, nervous about Spain's budget presentation on Friday, dumped riskier assets before the end of the first quarter. The euro fell 0.35 percent to $1.3267 and touched its lowest since the start of the week.
The euro fell 1.03 percent on the day to 109.17 yen. The Japanese currency gained broadly on demand linked to the end of Japan's financial year and as European and US equity markets followed Asian bourses into negative territory. The dollar fell 0.66 percent to 82.30 yen and touched a near three-week low, triggering reported stop-loss orders on the break of 82.35/40.

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