The euro fell to a one-year low against the yen and US dollar in Currency Trading Online after concern about budget deficits in Greece, Ireland, Spain and Portugal; it could obstruct the future of The European Union.
The euro dropped 0.3 percent to $1.3678, from $1.3723 yesterday. The “shared currency” touched $1.3595, the minimum level since May 20; additionally, dropped 0.1 percent to 122.09 against the yen, after falling 3.4 percent yesterday, the biggest fall from October 2008.
The US dollar increased against 14 of the 16 most-traded currencies after, as we mentioned yesterday, a government report showed the U.S. unexpectedly showed a notorious drop in the employment rate during the last month.
The Swiss franc fell from against the euro as traders speculated the nation’s central bank sold the currency to control its strength and win international competitiveness.