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LONDON: Worries about Spain's struggling banking sector pushed the euro to its lowest in two years against the dollar on Wednesday, helping the safe-haven US currency hit a 20-month high against a basket of currencies.
The euro fell to $1.2452 against the dollar, according to EBS data, its lowest since July 2010, stopping just short of a reported options barrier at $1.2450.
It also fell to a four-month low against the yen of 98.81 yen, EBS data showed.
The dollar index rose as high as 82.669 while the dollar also hit a 15-month high against the Swiss franc of 0.96461 francs on EBS.
Sterling also fell to a four-month low against the dollar of $1.5578, dropping below a reported options barrier at $1.5600.