Euro drops as Spanish bond yields rise

The euro dropped to less than $1.30 for the first time in two months as Spanish bond yields touched a 2012 high.

16th April, 2012
Euro drops as Spanish bond yields rise
The euro dropped for a second day against the yen and reached the lowest since 2010 versus the pound.

The euro dropped to less than $1.30 for the first time in two months as Spanish bond yields touched a 2012 high after a minister called on the European Central Bank to do more to stem debt-market turmoil.

The currency dropped for a second day against the yen and reached the lowest since 2010 versus the pound. The euro declined 0.1 per cent to $1.3066 at 10:58am in New York after dropping to $1.2995, the weakest since February 16th.

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