Market falls as euro closes down

THE ISEQ index closed down 6.38 points at 2,913.43 yesterday.

The euro fell as hopes for an increase in the eurozone’s bailout fund faded and as investors reassessed a recent rise in European Central Bank interest rate expectations.

Uncertainty about whether Germany would support an increase in the lending capacity of the rescue fund, known as the European Financial Stability Facility, also weighed on sentiment.