Euro Extends Drop Versus Dollar, Yen After Unemployment Climbs

The euro extended declines against the dollar and yen after a report showed unemployment in the common-currency area reached the highest on record.

The 17-member currency slid 0.4 percent to $1.2316 at 10:09 a.m. London time and 0.6 percent to 96.28 yen.

The jobless rate in the euro region was at 11 percent in April and March, the European Union’s statistics office in Luxembourg said today. That’s the highest since the data series started in 1995.

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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