The euro is falling against the dollar on renewed worries about Europe's ongoing debt crisis.
A newspaper report that Spain is thinking about applying for a bailout spooked traders. Spain is the fourth-largest economy in the euro zone, and its debt may be too big to be bailed out.
Italy's biggest bank, UniCredit, said it would offer shares at a 69 percent discount on Tuesday's closing price to raise cash. The size of the discount increased worries about the state of Europe's banking sector.
The euro fell to $1.2935 in afternoon trading Wednesday from $1.3056 late Tuesday.
In other trading, the British pound fell to $1.5628 from $1.5652. The dollar rose to 0.9420 Swiss franc from 0.9321 Swiss franc.
The dollar slipped to 76.65 Japanese yen from 76.67 yen.
lakers news rachel crow rachel crow steelers browns albert pujols pau gasol va tech
No comments:
Post a Comment