The value of the euro has dipped during Forex trading today (February 8th), due to worries over the fiscal stability of some European countries.
At 06:52 GMT, the European currency was down to $1.3632 (87.6p) against the dollar - dropping from $1.3678 in New York on Friday, Bloomberg reports.
And it also fell close to an 11-month low when compared to the yen, dropping to 121.73 (87.6p) from 122.09 at the end of last week.
Investors have been anxious to move towards safer assets due to worries over the rising budget deficits of some European countries and Susumu Kato of Credit Agricole Securities told the news source that "risk aversion will continue in the market".
He added that it is still "unclear" how the financial issues in countries like Greece and Portugal will affect the currency markets.
Despite the drop in the euro, shares were up on markets across the continent, with the pan-European FTSEurofirst 300 climbing 0.5 per cent in early trading, according to Reuters.
