Publication Date:
Mon, 2010-06-07 11:58
The currency fell as low as $1.1878 on Monday before pulling up to $1.1914 in early European trading — still below the $1.1956 it bought in New York on Friday.
The euro suffered on Friday from a Hungarian official's warning about the state of his country's economy, which deepened anxiety over Europe's debt crisis. Hungary doesn't use the euro but is a European Union member.
Disappointing US jobs data also diminished markets' appetite for risk. The dollar is a traditional safe haven.
The British pound slipped to $1.4450 Monday from Friday's level of $1.4459. The dollar slid against the Japanese currency, falling to 91.28 yen from 91.51 yen.
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