The Euro hit a new session low over Spanish concerns

On Monday, the Euro continued its fall versus the U.S. Dollar and reached a new session low, as Spain witnessed record high borrowing costs and Greek concerns over the ability to create a coalition also weighed. The EUR/USD pair hit the bottom at 1.2850, a 3-day low, and later consolidated at 1.2610, witnessing a 0.30% drop during the U.S. morning trading session.