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BS: Euro drops vs US dollar
 
BERLIN

The euro is down against the U.S. dollar over continuing concerns about Greece's debt.

The 16-nation euro bought $1.3674 in morning European trading Thursday, down from $1.3753 the night before in New York. The British pound is down to $1.5283 from $1.5329 the night before and the dollar is slightly down to 89.97 Japanese yen from 90.20 in New York trading.

EU nations have been slow to pledge concrete help for Greece, and government officials have said that the country could seek IMF funding to help overcome its debt crisis.

The euro had risen Wednesday but CMC Markets' analyst Michael Hewson says it was "unable to gain any impetus as the market looks to see past the "smoke and mirrors" of political rhetoric surrounding a bailout plan for Greece."

Source