The Euro experienced a loss versus the U.S dollar during Friday’s trading as concern deepens on the European debit crisis. The weakening Euro was due to speculation surrounding the ECB, and whether it will be required to re-start its Government Bond Purchase Program in order to keep the debt crisis at bay.
The 17-Nation currency performed well earlier this week to trade up against the greenback for 3 consecutive days.The Euro is also moving towards a second week of losses versus the Japanese Yen after data showing borrowing from the European Central Bank by Spanish Banks jumped approximately 50 percent for the month of March.
Currently, the euro is trading down against the greenback ,dipping as low as the $1,3082 mark.
