Euro falls to 10-year record low against Yen

Monday, 26 September 2011 10:48

The 17 nation European currency fell sharply; threatening an 8 month low mark on the currency.  The Eurozone debt sentiments are weakening the euro, as concerns are expressed about the Greek debt default.  Plans about the Greek debt crisis are being talked about again on the G20 meeting held in November in Paris, France; possibly arranging a 'managed default'.

The Euro dropped a massive amount against the U.S Dollar, breaking lows at 1.3361; more than has been seen in months.  Against the Japanese Yen, the Euro saw a 10 year low at 101.924.