The euro fell to its lowest level in three weeks against the dollar in Asian trade Thursday amid fears over contagion from Greece's deepening debt woes, dealers said.
The single currency plunged Wednesday after eurozone finance ministers failed to bridge their differences over a second debt bailout plan for Athens, against a backdrop of violent anti-government protests.
In Tokyo afternoon
trade, the euro briefly fell to $1.4113, the lowest level
since late May. It then
slightly recovered to change hands at $1.4131, down
from $1.4182 in New York late Wednesday.
The European common currency eased to 114.56 yen from 114.80 yen.
The dollar was at 80.99 yen against 80.92 yen.
Euro sentiment took a hit after ratings agency Moody's warned it may downgrade major French banks Credit Agricole, BNP Paribas and Societe Generale because of their exposure to Greek debt, dealers said.
The announcement
came after European finance ministers failed to agree
on the terms of an eventual
second bailout for Greece
to avert a possible default
after talks in Brussels
late Tuesday.
source:NewAge
