Wednesday, 16 May 2012

Euro bounces of lows in Asian trade against the dollar in Asia

TOKYO The euro strengthened against the dollar in Asia on Thursday after tumbling to a four-month low on rising concern over the eurozone's fiscal woes as debt-hit Greece gets set for fresh elections.

The single currency, which fell below $1.27 on Wednesday to hit its lowest level since mid-January, bought $1.2745 and 102.34 yen in Tokyo morning trade, up from $1.2715 and 102.13 yen in New York late Wednesday.

On Wednesday, the single currency fell to $1.2681 at one stage, its lowest

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