Euro Falls Versus Dollar as Investors See Declines on Risk Reversal Rate

(Bloomberg) -- The euro fell against the dollar, yen
and British pound as investors boosted bets the currency would
retrace previous gains.

The euro-dollar risk reversal rate reached the lowest level
since October, signaling traders increased wagers on a drop in
the euro. The 13-nation currency has gained 4.6 percent versus
the dollar in the last 12 months and 13.9 percent against the
yen, reaching records against both.


Read more at Bloomberg Currencies News