Around 1400 GMT , the euro fell to 1.2144 dollars, its lowest level since June 14, 2010. He had returned the previous week with levels seen for two years down July 13 at 1.2163 dollar.
At the same time, the euro slipped to 95.42 yen, its lowest level since November 29, 2000 against the Japanese currency. He had already descended on June 1 at 95.60 yen, its lowest level in eleven and a half.
This renewed weakness of the single currency was due to "concerns about a resurgence of Spain", whose gloomy economic situation and high debts continue to alarm investors, watching Steve Englander.
The Spanish economy is expected to contract 1.5% in 2012, against 1.7% previously forecast, a recession is slightly lower than expected, said Friday the Spanish Ministry of the budget, while revising its forecast down slightly from growth for 2013 and 3014.
"There are fears that the new forecast (Spanish government) is even too optimistic," Mr. Englander noted.
Sign of investor wariness, the yield on 10-year bond was stretched from Spain Friday again above 7%, a level considered unsustainable in the long run.
Investors deserting the euro currency considered safer, like the dollar and the yen, seeming to disregard the green light given by the Euro group on Friday plan to help Spanish banks, which provides an envelope that can go up to 100 billion euro.
As noted by Michael Hewson, analyst at CMC Markets, the fact that "money lent must pass by the Spanish Government, thus adding to the fiscal burden of Madrid, making markets nervous."
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