Euro falls on fears about Europe

Euro falls on fears about Europe
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Summary Euro fell against dollar, breaking a three-day winning streak, as fears about Europe crept back.

Traders are waiting to see what the European Central Bank will do to help the regions economy.Also, Frances central bank said Wednesday that it expects the country to fall into recession in the third quarter.The euro fell to $1.2368 in afternoon trading from $1.2410 late Tuesday. The euro rallied against the dollar for three days after the U.S. posted stronger-than-expected jobs data on Friday.The dollar was mixed against other currencies Wednesday.The British pound rose to $1.5659 from $1.5640. The dollar fell to 78.44 Japanese yen from 78.65 Japanese yen.The dollar rose to 0.9713 Swiss franc from 0.9682 Swiss franc.
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