European session: the euro fell
The euro erased gains versus the dollar and the yen after European stocks fell on concern policy makers aren’t doing enough to prevent the sovereign debt crisis from worsening as the global economic recovery falters.
The shared currency dropped versus its major peers, heading for a fourth weekly decline against the yen after Moody’s Investors Service downgraded the debt ratings of eight Greek banks. The euro strengthened earlier after Group of 20 finance ministers pledged to address risks to the global economy.
EUR/USD: the pair updated a session low and decreased in $1.3430 area.
GBP/USD: the pair receded from a session high to $1.5400 area . USD/JPY: the pair holds Y76.20-Y76.35.