Currency woes

Today's Updates Euro falls on fresh sovereign debt worries The single currency suffers as worries over eurozone government debt resurface after Italian borrowing costs rose sharply at a bond auction The search for a new haven is on Even of the debt ceiling is raised, analysts believe Treasuries and the dollar have suffered a permanent dent to their traditional role Traders turn their guns on the dollar The greenback is being hit hard by concerns that Congress may not increase the US debt ceiling before the August 2 deadline Yen strength raises intervention concerns Japan's currency pushes to record levels, lifting the possibility that monetary authorities will act to weaken it Asia suffers as US debt standoff persists Stocks lost ground as the political standoff in Washington over the country's debt ceiling shows no sign of resolution