Euro slides amid new debt fears

The euro fell to a fresh 15-month low against the dollar today while stock markets continued to give up some of their early-year gains as European debt concerns offset mounting optimism over the state of the US economy.

For a second day running, the concern in the markets has centred on the state of Europe’s banks following UniCredit’s announcement on Wednesday that it was selling new shares at a large 69% discount to Tuesday’s closing price.