: Euro wavers, dealers see more downside High Street Networking

9 November 2001, 10:38 : Euro wavers, dealers see more downside

0601 GMT -- Euro uncertain around $0.8906 and 107.08 yen with more downside possible in European time, dealers say. -- Single currency slid offshore on European Central Bank's surprise decision to cut interest rates by 50 basis points. -- Next targets seen at 106.80 yen and 106.10 yen, according to traders. -- Dollar relatively stable around 120.22 yen , with wariness of Japanese intervention seen supporting pair around 119.50 yen. -- U.S. trade seen likely fairly quiet ahead of Veterans' Day holiday on Monday.