Euro Stays Weaker as Draghi Says Some Growth Risks Materialized
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Jul 5, 2012
The euro stayed weaker against the dollar as European Central Bank President Mario Draghi said some risks to growth have “materialized.”
The 17-nation currency slid 1 percent to $1.2398 at 1:33 p.m. London time, falling to less than $1.24 for the first time since June 4. The euro dropped 0.8 percent to 99.24 yen.
To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net
To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net