Economics
Euro Weakens to Lowest Since 2000 Versus Yen on Europe
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The euro slid to the lowest level in more than 11 years versus the yen as speculation Europe’s sovereign-debt crisis is worsening spurred demand for safety.
The 17-nation currency dropped to the weakest versus the dollar since June 2010 as a report said Greece may miss debt-reduction targets. The euro fell for a fifth day against the yen after Moody’s Investors Service cut its outlook for Germany and the Netherlands yesterday. The yen rose versus all of its 16 most-traded peers on haven demand even as Japan’s government voiced readiness to combat its strength.