The euro stayed bearish against other currencies in Asia trade Friday after taking a hit from the European Central Bank’s announcement of no immediate measures to fight the debt crisis. The euro bought $1.2174 and 95.12 yen in Tokyo morning trade, compared with $1.2178 and 95.26 yen in New York late Thursday. The dollar was also flat at 78.22 yen. The euro tumbled Thursday after the head of the European Central Bank (ECB), Mario Draghi, announced no immediate measures to ease debt pressures in the eurozone and only the bank “may” resume bond purchases. The markets had wanted more from him after he raised expectations last week by saying the bank would do “whatever it takes” to preserve the embattled single currency.
