Euro slips, dollar rises in Asian trade

TOKYO — The euro slipped in Asian trade Thursday on concerns Spain’s troubled banks may need a bigger bailout, while the greenback got a slight boost after moves by the US Federal Reserve to power the economy. The single currency dipped to $1.2672 and 100.90 yen in Tokyo afternoon trade from $1.2702 and 100.97 yen in New York late Wednesday. The dollar edged up to 79.61 yen against 79.49 yen. Markets are growing increasingly worried that an audit of Spanish lenders will show a recent multi-billion dollar loan to shore up the nation’s troubled banks may not be enough, said a senior dealer at a major Japanese bank. — AFP