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DHAKA Thursday 17 May 2012 03 Jaishtha 1419 BS 24 Jamadi-us-sani 1433 HIJRI

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Euro hits 4-month low against dollar

TOKYO: The euro tumbled in Asian trade today to its lowest level against the US dollar in four months, amid rising concern over the eurozone fiscal woes as debt-hit Greece gets set for fresh elections.

The single currency hit $1.2688, its lowest against the greenback since January 16, while it also tumbled to 101.96 yen, down from 102.12 yen in New York on Tuesday and its lowest since mid-February.

The euro had inched back above the 102 yen level. —AFP

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