Friday, July 20, 2012

Reuters: US Dollar Report: RPT-Euro, equities fall as Spanish region seeks debt help

Reuters: US Dollar Report
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RPT-Euro, equities fall as Spanish region seeks debt help
Jul 20th 2012, 12:42

Fri Jul 20, 2012 8:42am EDT

LONDON, July 20 (Reuters) - The euro fell broadly on Friday and European equities extended losses after Spain's Valencia region said it will seek central government help to repay debt.

The euro hit a session low against the dollar of $1.21903, from around $1.2233 beforehand.

The single currency also hit record lows against the higher-yielding Australian dollar at A$1.1727 and the Canadian dollar at C$1.2310.

The FTSEurofirst 300 extended lossts to 0.7 percent, hitting a session low of 1,056.61 points. Spain's IBEX index hit its lowest in over five weeks at 6,441 points, down 2.8 percent on the day.

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