Dollar Trades at Upper 77 Yen, Euro Falls on Downgrade Warning

TOKYO, Dec. 7 -- The U.S. dollar traded in the upper 77 yen level and the euro fell against the yen and U.S. dollar Tuesday in Tokyo, after S&P's downgraded warning on eurozone countries for the debt crises.

At 5 p.m., the dollar traded at 77.75-77 yen against 77.77-87 yen in New York and 77.98-99 yen in Tokyo at 5 p.m. Monday. It moved between 77.68 yen and 77.85 yen, changing hands most frequently at 77.77 yen.

The euro was quoted at 1.3348-3350 U.S. dollars and 103.78-82 yen versus 1.3395-3405 U.S. dollars and 104.23-33 yen in New York and 1.3446-3447 U.S. dollars and 104.85-89 yen in Tokyo late Monday afternoon.