AGI: Euro drops to $1. 22 with all eyes on Fed Chairman
(AGI) Rome - The euro closed at a weak $1.2235 and 96.36 yen, but higher than the 2-year low of $1.2162 on Friday. The exchange market awaits Federal Reserve Chairman Ben Bernanke's testimony before Congress, scheduled for Tuesday to see if the Fed will enact further stimulus measures. The yen traded for 0.7876 on the dollar and the euro was at its lowest in three years against sterling at 78.67 pence . .
