Risk-aversion drags Euro lower

By Korman Tam
18 March 2010 @ 05:14 am EDT

The dollar and yen were higher in early Thursday trading amid speculation that Greece may seek help from the IMF -- sparking fears that next week's EU Summit meeting will provide little support to the sovereign-debt crisis. Heightened risk aversion pushed the euro lower, relinquishing the 1.37-handle against the dollar and sliding beneath the 123-level versus the yen. Gains in crude oil stalled in the overnight session, drifting back toward the $82-per barrel level and lower by almost 1% to $82.16.

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