Mon, 16 Apr 2012 06:15:24 GMT
Euro drops versus greenback ahead of Spain's auction
The 17-nation currency depreciated against the Dollar, reaching one-month record low before Spain's bond auction due on April 17. Euro declined 0.4% to USD 1.3023 in Asian trade. It slipped also 0.4% versus Japanese Yen to JPY 105.36. Euro is vulnerable to more severe drop in short term future if Spanish borrowing costs continue to climb, suggests Imre Speizer, Westpac