The Euro Weakened against the dollar to a 3-week low of Greece Debt Crisis-related

May/12 - The latest concerns about Greece's debt and sell-off in commodities markets make the euro weakened sharply on Wednesday, with the risk of fallout is more likely to just happen.

Euro zone currency fell into a three-week lows against the US dollar, penetrating below the moving average of 50 days about $ 1.43-, which traders tend to take this as a sign of the downfall of more to come.

The fall of the euro, just a week after reaching 17-month highs against the dollar above $ 1.49, accelerated after the fall of the stock and commodities caused steep panic for-safe haven the dollar.

Speculation about whether Greece would accept more bailout funding continues to increase volatility risk appetite as investors continue to price in a high probability that Greece will eventually need to restructure its debts.

The Euro last traded down 1.4% at $ 1,4201 after reach the session low at $ 1,4172 on trading platform EBS, the lowest since April 18.

Weakness in the euro helped push the dollar index, which measures the greenback against a group of major currencies, DXY, up to 75,308 0.9 percent on that day. Against the yen, the dollar was up 0.2 percent to 81,01 yen.