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.
- White House reverses, says Obama met uncle and lived with him during law school
- Flights delayed as air pollution hits record in Shanghai
- South Africa mourns Mandela, will bury him on December 15 |
- RPT-UPDATE 1-Ford leans on global Mustang to burnish overseas image
- Analysis: Boeing bidders dangle goodies to win 777X jetliner