The euro on Wednesday rose to its highest level in nearly five months against the yen and also gained ground on the dollar in Asian trade, as worries over the eurozone's debt crisis eased.

The euro f

The euro held firm against the dollar in Asia on Monday as investors opted to sit and wait for upcoming data.

The single currency, which lost ground Friday on weak European economic figures, stood at

Six centuries after the first one was minted and a decade after they went out of circulation, the last French francs are being exchanged for euros, severing France's final link to its former national

The world economy will lose momentum in 2012 but it will keep moving in the right direction, according to Reuters polls of around 600 economists who said crisis-hit Europe would drag on global growth.

The euro was rangebound against the dollar in Asian trade on Wednesday despite an earlier boost from an unexpected uptick in German business sentiment and a successful Spanish bond auction.

The euro

The euro moved towards a one-year low against the dollar in Asian trade on Wednesday, amid questions over Europe's ability to contain its sovereign debt crisis.

The unit, which fell below $1.31 in Ne

The euro fell on Tuesday below $1.31 for the first time since January amid unrelenting concern about the eurozone debt crisis.

At 1605 GMT the euro was trading at $1.3057, its lowest level since Janu

Europe divided on Friday in a historic rift over building a fiscal union to preserve the euro, with a large majority of countries led by Germany and France agreeing to move ahead with a separate treat

France and Germany called Monday for Europe's leaders to agree on strict rules for fiscal discipline at their summit this week, as S&P threatened sweeping ratings downgrades if they fail to act to end

Italy on Sunday unveiled a draconian austerity programme worth 20 billion euros ($27 billion) in a bid to avoid bankruptcy for the eurozone's third largest economy but warned a new recession was loomi