LONDON: The euro extended losses on Wednesday, falling 1 per cent on the day against the safe-haven Japanese yen as Spanish banking sector worries intensified and after borrowing costs for Italy rose sharply at an auction of government debt.
The euro dropped to a fresh four-month low of 98.274 yen, according to EBS data.
It also dropped to a fresh low against the dollar of $1.2433, its weakest in nearly two years.
