Euro Falls as ECB's Stark Reported Saying German Banks Need More Capital
By
Candice Zachariahs and Ron Harui
-
Enlarge image
Yen Retreats From Two-Week High
Tomohiro Ohsumi/Bloomberg
The yen was at 106.72 per euro as of 10:10 a.m. in Tokyo from 106.69 in New York yesterday.
The yen was at 106.72 per euro as of 10:10 a.m. in Tokyo from 106.69 in New York yesterday. Photographer: Tomohiro Ohsumi/Bloomberg
The euro weakened against the dollar and the yen after FT Deutschland reported European Central Bank chief economist Juergen Stark as saying that German banks need more capital.
The euro declined to $1.2694 as of 1:43 p.m. in Tokyo from $1.2720 yesterday in New York. The 16-nation currency dropped to 106.33 yen from 106.69 yen.
To contact the reporters on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net; Ron Harui in Singapore at rharui@bloomberg.net.
Sponsored Links
Rate These Stories
Rate this Page