Bloomberg News

Euro Extends Drop Versus Dollar; Trades 0.4% Weaker at $1.4364

June 22, 2011

June 22 (Bloomberg) -- The euro extended its drop against the dollar and the yen amid speculation Greek Prime Minister George Papandreou will struggle to pass additional austerity measures, even after winning a confidence vote last night.

The euro fell 0.4 percent to $1.4364 at 11:17 a.m. in London. It earlier rose to $1.4434, the strongest level since June 15. The shared currency lost 0.3 percent against its Japanese counterpart, to 115.24 yen. The dollar was little changed at 80.24 yen.

To contact the reporter on this story: Lukanyo Mnyanda in Edinburgh at lmnyanda@bloomberg.net

To contact the editor responsible for this story: Tim Farrand at tfarrand@bloomberg.net


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