LONDON May 18 The euro fell on Friday to hit a
four-month low against the dollar and a 3-1/2 month trough
versus the yen as concerns about a chaotic Greek exit from the
euro zone, banking sector worries and contagion risks drove
investors to add to bearish positions.
The euro fell to $1.2642, close to its 2012 low of
$1.2624. A drop below that level will take the single currency
to its lowest since August 2010. The euro also fell to a 3-1/2
month low against the yen to 100.219.
The safe-haven dollar rose with the dollar index rising to a
four month high of 81.758. The greenback also rose to a
four-month peak against the Swiss franc of 0.95002 francs
on trading platform EBS.
The high-yielding Australian dollar extended
losses, tracking sharp drops in stock markets, to drop to its
lowest level in nearly six months of $0.9794.