RTRS:Euro falls to 7-month low vs dollar, hit by ECB study
(Reuters) - The euro extended falls against the dollar, dropping to a seven-month low, with sentiment damaged by an ECB study saying fiscal imbalances in the euro zone risked undermining the stability and sustainability of the EMU.
The study also warned states should go into financial receivership if adjustment programmes were not on track.
The euro fell as low as $1.3465, its weakest since late February, with traders saying stop loss orders were triggered on the break below $1.3500.
Meanwhile, risk aversion pulled the higher-yielding Australian dollar to a six-month low of $0.9877 versus the U.S. dollar after stops were triggered below $0.9950, traders said. (Reporting by Jessica Mortimer)
