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News that France and Germany want the International Monetary Fund (IMF) to contribute to the provision of financial aid to Greece created worries about the strength of the European Union, causing the pan-European currency to dip.
Reuters put the low at €1.4232 (£1.2686), however Bloomberg had it slightly higher at €1.4233.
Tsutomu Soma of Okasan Securities in Tokyo told Bloomberg the news the two countries want to involve the IMF "casts some doubt over the strength of the European Union" and has caused currency investors to move away from the European currency.
"The bias is to sell the euro," the dealer added.
Yesterday, the dollar had risen as worries were once again raised over the financial stability of Greece, however these gains were pared later in the day, causing the attractiveness of gold as an alternative investment to increase.
Posted by Greg Secker
