European stocks rally, euro slides (AFP)

The euro fell against other major currencies in Asia on Thursday after a short-lived rally on intervention rumours amid persistent concerns over eurozone debts, analysts said.The euro was quoted at 1.2327 dollars in Tokyo afternoon trade after the single currency rallied to 1.2408 dollars in New York late Wednesday. However, it held off from the four-year lows below 1.22 it hit earlier Wednesday.It also fell to 112.92 yen from 113.90.The dollar was at 91.39 yen, down from 91.70 yen in New York.

AFP - Oil prices tumbled to a new low for the year in Asian trade Wednesday due to a

The Mole submits: US equities traded in negative territory throughout the US session Tuesday, weighed down by weak US consumer spending, housing and factory orders data. With the data feeding concerns about the pace of the US economic recovery and the risk of additional Fed stimulus measures, the US Treasuries rallied and USD remained under pressure.

European stock markets rallied Monday, with London hitting the highest level since September 2008 when the collapse of US investment bank Lehman Brothers signalled the start of the economic crisis.London's benchmark FTSE 100 index of leading shares hit 5,600.48 points in early trading -- the highest level for 16 months -- in the wake of robust Chinese economic data, analysts said.After its brief jump above 5,600, the FTSE 100 settled back to stand at 5,567.77 points in late morning deals, a rise of 0.61 percent compared with Friday's closing level.

The euro fell further against the dollar on Tuesday on persistent concerns over Greek debt problems, with risk-averse investors also cautious ahead of a US central bank meeting, analysts said.The European single currency dropped to 1.3352 dollars from 1.3378 dollars in New York late on Monday.Against the Japanese unit, the dollar eased to 93.82 yen from 93.99 yen.The eurozone's shared currency fell further as Greece scrambled to get a 45-billion-euro (60-billion-dollar) EU-IMF loan plan in place to help the country out of its increasing debt and deficit crises.