Euro Weakens Versus Dollar as Cyprus Bailout Deadline Approaches

Euro Weakens Versus Dollar as Cyprus Bailout Deadline Approaches

Simon Dawson/Bloomberg

The euro dropped 0.7 percent against the dollar last week, the most since the period ended March 1, and tumbled 1.5 percent versus the yen as officials discussed a rescue of Cyprus’s banking system and data suggested the economy in the region that shares the currency is worsening.