TopDollar Investing

[Slimer84]

Euro falls against dollar as debt crisis lingers
AP - 1 hr 6 mins ago
BERLIN (AP) — The euro is losing strength again against the dollar as eurozone finance ministers gather to find ways to fight the debt crisis and stabilize the common currency.

The 16-nation euro bought $1.3289 in morning European trading Monday, down from $1.3387 at the end of the day Friday in New York. The common currency was as high as $1.3421 in the session before retreating.

The British pound is down to $1.5693 from $1.5741 on Friday, while the dollar slipped to 82.66 Japanese yen from 82.90 in New York.

The euro fell about 10 percent in November as traders nervous about a deepening European debt crisis sold off the shared currency. It gained back some ground last week on disappointing economic news from the U.S. and reassurances from the ECB.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.