Bloomberg News

Euro Extends Drop Against Japanese Yen; Declines Versus Dollar

November 16, 2011

Nov. 16 (Bloomberg) -- The euro extended its decline against its Japanese counterpart, falling 0.4 percent to 103.87 yen at 10:45 a.m. London time. It was 0.3 percent lower at $1.3497.

The common currency weakened by as much as 0.8 percent earlier, before rebounding amid speculation the European Central Bank bought Spanish and Italian bonds.

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

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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