Thursday, June 21, 2012

Reuters: US Dollar Report: Euro falls further vs U.S. dollar, slides below $1.26

Reuters: US Dollar Report
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Euro falls further vs U.S. dollar, slides below $1.26
Jun 21st 2012, 14:39

NEW YORK, June 21 | Thu Jun 21, 2012 10:39am EDT

NEW YORK, June 21 (Reuters) - The euro dropped further against the U.S. dollar, sliding below $1.26 on Thursday, as investors turned totally risk-averse after data showed more evidence that recovery in the world's largest economy has stalled.

The euro fell as low as $1.2594. It was last at $1.2613, down 0.7 percent, its worst daily performance in three weeks. The euro though fell shy of its 10-day moving average of $1.2590 and next target would be the 20-day average at $1.2534.

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