Tuesday 17 October 2017

Euro slips 0.2pc against dollar

IN New York trading, the euro traded down 0.2pc at $1.3475 after earlier falling to $1.3415, its lowest in more than a week.

The euro zone currency also earlier fell as low as 123.18 yen, its lowest in about three weeks, before recovering to trade flat at 124.44 yen.

Investors are worried about how a European Union-International Monetary Fund aid plan to help Greece avoid a debt default might be implemented.

Talks with EU and IMF officials, expected to start yesterday, were delayed to later in the week, Greece said, because of the volcanic ash cloud disrupting flights across Europe.

Irish Independent

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