The euro fell widely on Friday as investors withdrew from risky assets while the stock down, but the market was cautious not to move very aggressively to the expected prices from the summit of leaders of the G- 20.
European shares erased early gains to fall 0.5 percent to 1015.52 points, while the Wall Street stock futures were down slightly.
"It is slowly increasing risk aversion, stock markets are under pressure," said Ian Stannard, currency strategist at BNP Paribas. "We think the euro is still vulnerable," he added.
Concerns about financing in the euro area also encouraged some fears, since the banks need to pay around 442,000 million euros in loans to a year to the European Central Bank next week.
The euro fell to a low of $ 1.2253, off its intraday high of 1.2351. Sales to curb losses below $ 1.2300 accelerated the decline, traders said.
At 1105 GMT, pared its losses to settle around $ 1.2270, down from the options at a price of 1.2300 which expire later, traders said.
The single currency was on his way back 1.2 percent against the dollar this week, after two previous weeks of gains.
Against the yen, the euro was down 0.3 percent at 110.15 yen, while hitting a record low against the Swiss franc to 1.3510 francs.
Market participants feared a lack of consensus at the summit of the Group of 20 developed and emerging nations, given the open disagreements over how rapidly address fiscal deficits, how to strengthen the banks and how to harmonize the regulatory reforms to financial markets.
The dollar index, which measures the performance of the greenback against a basket of six currencies benchmark, rose 0.3 percent to 85.990, but remained below their peak a week from 86.415.
The dollar was steady at 89.69 yen, nearly one-month low of 89.22 yen on electronic trading platform EBS on Thursday.
Australia's dollar pared gains to 0.4 percent lower at $ 0.8635, near a support level of $ 0.8600.
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