Reuters: US Dollar Report: Euro drops to two-month low versus buoyant dollar

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Euro drops to two-month low versus buoyant dollar Nov 9th 2012, 10:34 LONDON | Fri Nov 9, 2012 5:34am EST LONDON Nov 9 (Reuters) - The euro extended losses to hit a two-month low against the dollar and a fresh one-month trough versus the yen on Friday as investors sold the single currency on grim economic prospects and uncertainty over aid to Greece and Spain. The euro fell to $1.2715 on trading platform EBS, its lowest level since Sept. 7 with stop loss sell orders triggered on its move below $1.2720. More stops were cited below $1.2715 while traders reported talk of an option barrier at $1.2700. The euro also fell against the yen to a fresh low of 100.85 yen, triggering reported stop loss sell orders below 100.90 yen. More stops were said to be around 100.80 yen. The dollar rose to a two-month high against the Swiss franc of 0.9483 francs.

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