INQUIRER.net: Euro under pressure in Asia on Cyprus, Italy worries

INQUIRER.net Philippine News for Filipinos

Euro under pressure in Asia on Cyprus, Italy worries Mar 28th 2013, 03:39 TOKYO—The euro came under further selling pressure in Asia Thursday owing to concerns about Cyprus as it prepares to reopen its banks after the weekend bailout, while political uncertainty in Italy also weighed.   After dropping below $1.28 for the first time in four months on Wednesday, the euro fetched $1.2785 and 120.33 yen in Thursday morning Tokyo trade, compared with $1.2779 and 120.63 yen in New York a day earlier.   The greenback also weakened to 94.10 yen, from 94.40 yen ahead of a Bank of Japan meeting next week that is expected to see the launch of more aggressive easing by the central bank.   Cyprus confirmed banks will reopen on Thursda... Keep on reading: Euro under pressure in Asia on Cyprus, Italy worries Media files: euro-coins.jpg (image/jpeg)

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