MW: Euro lower vs dollar, but trades off the day's low
By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- The euro continued to weaken against the U.S. dollar Tuesday, pressured by ongoing concerns that Europe's debt crisis will spread to Italy and Spain. At last check, the euro bought $1.3976, down from $1.4045 late Monday. It touched a nearly four-month low of $1.3836 earlier. "Continued policy paralysis and discord amongst [European Union] leaders about how best to deal with the sovereign debt crisis continues to undermine the single currency," Colin Cieszynski, market analyst at CMC Markets Canada said in a note to clients. The U.S. dollar index DXY +0.24% traded at 76.079, up from 75.941 late Monday.
