LONDON Nov 9 The euro extended losses to hit a two-month low against the dollar and a fresh one-month trough versus the yen on Friday as investors sold the single currency on grim economic prospects and uncertainty over aid to Greece and Spain.
The euro fell to $1.2715 on trading platform EBS, its lowest level since Sept. 7 with stop loss sell orders triggered on its move below $1.2720. More stops were cited below $1.2715 while traders reported talk of an option barrier at $1.2700.
The euro also fell against the yen to a fresh low of 100.85 yen, triggering reported stop loss sell orders below 100.90 yen. More stops were said to be around 100.80 yen.
The dollar rose to a two-month high against the Swiss franc of 0.9483 francs.
Trending On Reuters
There is a better than even chance that the Reserve Bank of India (RBI) will cut interest rates at its policy meeting on Sept. 29 thanks to inflation striking a record low, according to a Reuters poll, marking a shift in expectations from earlier. Full Article | Related Story