Reuters: US Dollar Report: Euro falls after ECB's Makuch comments on rate cut debate

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Euro falls after ECB's Makuch comments on rate cut debate Dec 7th 2012, 12:53 LONDON | Fri Dec 7, 2012 7:53am EST LONDON Dec 7 (Reuters) - The euro extended falls on Friday after European Central Bank policymaker Jozef Makuch said the bank may cut interest rates next year if the euro zone economy does not improve. The euro fell 0.5 percent on the day to hit a low of $1.2897, its lowest since Nov. 28. More falls would see it target the low on that day of $1.2880.

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