Reuters: US Dollar Report: Euro drops to two-week low vs yen

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Euro drops to two-week low vs yen Jun 26th 2012, 09:00 LONDON, June 26 | Tue Jun 26, 2012 5:00am EDT LONDON, June 26 (Reuters) - The euro fell to a two-week low against the safe-haven yen on Tuesday as peripheral bond yields rose and expectations receded for any durable solution to the euro zone debt crisis at a European Union summit later this week. The euro fell to 99.04 yen on trading platform EBS, its lowest level in two weeks and down 0.5 percent on the day. The latest drop came after Spain sold short term debt at the cost of yields at their highest level since November amid waning demand from the country's struggling banks.

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