II:Euro falls for 3rd straight day on Italy downgrade
The euro fell for a third straight session on Tuesday after Standard & Poor's lowered Italy's debt rating, stoking concerns that the eurozone debt contagion could engulf larger economies such as Italy and Spain.
The euro declined towards its lowest since 2001 versus the yen.
The euro slid to US$1.3619 as of 6:41 a.m. in London from US$1.3686 in New York yesterday. It declined to 104.24 yen from 104.82 yesterday and touched 103.90 on Sept. 12, the least since June 2001.
