Euro Keeps Dropping, Dips Below 100 Yen For First Time Since 2001
The euro weakened for a sixth day against the yen on concern Europe’s debt crisis will weigh on the region’s economic growth. The 17-nation currency also fell against the dollar.
(BLOOMBERG) London - The euro weakened for a sixth day against the yen, dropping below 100 for the first time since June 2001. The 17-nation currency fell against the dollar, set for its first back-to-back annual decline versus the greenback since 2001, before a report next week that economists said will confirm European manufacturing shrank for a fifth month.