The euro fell, touching its lowest level since 2001 against the yen, after speculation the German Chancellor Angela Merkel prepares to hold the default Greek demand for the currency of 17 countries.
Euro erase losses against the dollar after the Financial Times reported that Italy is in talks with China's investment company may buy bonds. The euro earlier fell to its lowest level versus the greenback since February after opportunity Greek default in the next five years rose to 98 percent. The yen rose against the peers of the most widely traded as demand for increased protection and after the upper limit of the Bank are subject to Swiss Franc currency National makes Japan as one of the few assets shelter.
The euro fell 0.4 percent to 105.62 yen at 5:01 in New York, from 105.99 on Sept. 9, after slumping to 103.90, its lowest level since June 2001. The euro traded at $ 1.3679 after falling to $ 1.3495, the weakest level since February 15. The yen rose 0.5 percent to 77.21 per dollar.
Source: Bloomberg
