on December 31, 2011 by admin in World, Comments (0)

WORLD FOREX: Euro Drops To 11-Year Low Vs Yen, Slips Vs Dollar

NEW YORK -(Dow Jones)- Europe's debt crisis continued to take a toll on the euro Friday, as it lodged at an 11-year low against the yen and 1 cent away from its weakest level more than a year versus the dollar on the final trading day of 2011.

Skeletal and illiquid trading conditions that have characterized markets since late December persisted Friday. Yet traders remain fixated on events in the euro zone, where policymakers have yet to craft a solution to a dynamic that has driven Italy's bond yields to dizzying heights, and driven flows out of the euro.

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Article source: http://online.wsj.com/article/BT-CO-20111230-708506.html

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