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Euro extends falls, loses 1 pct on day vs yen
May 30, 2012 / 9:43 AM / 6 years ago

Euro extends falls, loses 1 pct on day vs yen

LONDON, May 30 (Reuters) - The euro extended losses on Wednesday, falling 1 percent on the day against the safe-haven Japanese yen as Spanish banking sector worries intensified and after borrowing costs for Italy rose sharply at an auction of government debt.

The euro dropped to a fresh four-month low of 98.274 yen, according to EBS data.

It also dropped to a fresh low against the dollar of $1.2433, its weakest in nearly two years.

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