Euro tumbles on financial woes
Friday, 17 October 2008
TOKYO, Oct 16 (AFP): The euro tumbled against the dollar and yen in Asian trade today on mounting worries over Europe's economies and banking sector as well as the prospect of further rate cuts there, dealers sid.
The euro fell to 1.3388 dollars in Tokyo afternoon trade from 1.3495 in New York late Wednesday and to 133.67 yen from 134.91.
The dollar was changing hands at 99.88 yen, having slipped below 100 in New York Wednesday.
The euro fell to 1.3388 dollars in Tokyo afternoon trade from 1.3495 in New York late Wednesday and to 133.67 yen from 134.91.
The dollar was changing hands at 99.88 yen, having slipped below 100 in New York Wednesday.