The euro fell for a second straight session on Wednesday as euro zone debt worries mounted one day ahead of a bond sale in Spain, seen as a test of Madrid's capacity to grapple with financial and budgetary pressures. The euro was further pressured by a rise in sterling, which posted the biggest gains among the major currencies.
In midafternoon New York trading, the euro slipped 0.1 percent against the dollar to $1.3111, recovering on corporate buying, traders said. The euro last week briefly hit a two-month low below $1.3000.
The euro fell 0.7 percent against the pound to 81.83 pence, its lowest since August 31, 2010, according to Reuters data, and below reported options barriers at 82 pence.
Against the Swiss franc, the euro was up slightly at 1.2018 francs. Market participants were on the alert for any action from the Swiss National Bank to weaken the franc.
The dollar rose 0.5 percent against the yen to 81.26 yen. The euro traded up 0.4 percent on the day at 106.51 yen, holding above Monday's low below 105 yen.
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