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Euro Weakens Against Dollar And Yen

8/8/2012 2:57 AM ET

The euro has been weakening against the currencies of US and Japan ahead of the European deals on Wednesday.

At present, the euro-yen pair is worth 97.0 with 96.5 seen as the next downside target level.

Against the dollar, the euro is trading at a 2-day low of 1.2369 and if the euro slides further, it will target the 1.230 level.

The euro ended yesterday's trading at 1.2396 against the dollar and 97.44 against the yen.

by RTT Staff Writer

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