Euro falls as debt fears resurface

In morning trading, the single currency dropped to $1.3230, from $1.3308 yesterday, before recovering slightly to $1.3237 by midday, marking its third day of decline against the greenback. The euro also fell against the yen for a second day running. The fall of the single currency comes as euro sovereign debt fears again resurface. Today, Portugal successfully raised €500m in a treasury bill sale but the average yield of 3.7% was nearly double that of its last auction in September in a sign investors are still concerned over the debt laden country's economy. In a further sign of mount...