Euro falls to session low vs dollar, cuts gains against yen
LONDON, April 17
LONDON, April 17 (Reuters) - The euro fell to a session low against the dollar on Wednesday, dragged down by steady selling of the single currency against the yen and on a media report where a former European Central Bank board member voiced concerns about the euro's gains.
Traders cited a report where former member of the Executive Board Lorenzo Bini Smaghi said that the ECB should find ways to stop the euro from gaining.
The euro fell to a session low of $1.3130 from around $1.3154 before the comments were reported, down 0.3 percent on the day.
The euro also cut gains against the yen and was last trading flat on the day at 128.50 yen.
- Nurse defies Ebola quarantine with bike ride; negotiations fail |
- Suspect in Pennsylvania police ambush captured after seven-week manhunt |
- Global shares jump, yen slumps as BOJ cranks up stimulus |
- Special Report: Tsunami evacuees caught in $30 billion Japan money trap
- Japan's central bank shocks markets with more easing as inflation slows