BERLIN -- The euro is trading slightly lower than the U.S. dollar but remains well above the four-year low it hit this week on concerns about the European economy.
In morning European trading Thursday the euro bought $1.2352, down from $1.2387 late in New York the day before. The British pound is weaker at $1.4345 compared with $1.4426 late in New York, while the dollar is down to 91.05 Japanese yen from 91.57 on Wednesday.
The 16-nation euro dropped as low as $1.2145 this week as the Greek debt crisis and other problems continued to weigh on traders' minds. That was its lowest level since April 2006.
Germany's unilateral move to ban short selling Monday night also helped send the common currency lower.
