BERLIN (AP) — The 16-nation euro is trading at month lows versus the U.S. dollar as fears of a slowdown in global growth continue to support the American currency.
The euro fell as low as $1.2691 in morning trading Monday before rising back slightly to $1.2712, compared to $1.2711 on Friday in New York.
The British pound is up to $1.5585 from $1.5530 on Friday, while the dollar slipped to purchase 85.35 Japanese yen from 85.76 yen in New York.
The euro marked a one-month low versus the dollar on Friday, trading below $1.27 for the first time since July 14.
The euro has been volatile this summer, bouncing from a four-year low just under $1.19 in early June to a three-month high above $1.33 in the first week of August.
