The euro fell under 1.23 US dollars in European trade on Wednesday after its recent pull-back from a four-year low point. The European single currency dropped to 1.2294 US dollars from 1.2327 US dollars in New York late on Tuesday. Against the Japanese unit, the dollar rose to 91.64 yen from 91.44 yen. The euro fell under 1.23 US dollars in European trade on Wednesday after its recent pull-back from a four-year low point. The European single currency dropped to 1.2294 US dollars from 1.2327 US dollars in New York late on Tuesday. Against the Japanese unit, the dollar rose to 91.64 yen from 91.44 yen.

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