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Markets

Euro extends losses vs dollar, falls to day's lows

NEW YORK : The euro and yen accelerated losses against the US dollar on Wednesday, hitting session lows, with Wall Stree
Published September 21, 2011 Updated September 21, 2011 08:18pm
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By Abdul Ahad
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NEW YORK: The euro and yen accelerated losses against the US dollar on Wednesday, hitting session lows, with Wall Street stocks posting steep losses as investors turned risk-averse.

The euro fell to session lows at $1.36035, while the dollar rose to the day's peaks at 76.690 yen .

Some analysts attributed the drop in stocks to the Federal Reserve's bleak assessment of the US economy, while others said the US central bank's measures were not strong enough.

 

Copyright Reuters, 2011

 

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