The euro fell on Thursday after a cut to Spain's credit rating kept eurozone debt problems in focus and left the currency vulnerable to more downward pressure in the coming weeks. The euro fell to a session low against the dollar after disappointing US jobless claims and international trade data added to risk aversion by reminding investors of problems in the global economy.
Midway through the New York session, the euro traded at $1.3802, down 0.8 percent, with the session low at $1.3791 on electronic trading platform EBS. Against the yen, the dollar was last up 0.3 percent to 83.01 yen after earlier climbing to its highest since February 22 on EBS. The Australian dollar fell after data showed China swung to a surprise trade deficit in February of $7.3 billion, its largest in seven years.
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