Euro drops to new low on concern over impact of French ‘No’ vote

THE euro fell to a seven-month low against the dollar yesterday, on concern France’s rejection of a European Union constitution will slow the region’s economic integration.

Polls show Dutch voters are set to reject the treaty today.

“There’s a belief that the European project is under threat,” said Mark Austin, head of global currency research in London at HSBC Holdings, Europe’s biggest bank by market value.