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Euro declines as riots escalate Original Source Link: (May no longer be active)    http://www.bloomberg.com/apps/news?pid=10000080&sid=adS6M.DvYxuk http://www.bloomberg.com/apps/news?pid=10000080&sid=adS6M.DvYxuk Euro May Decline for a Fourth Day as French Rioting Escalates Nov. 8 (Bloomberg) -- The euro may weaken for a fourth day against the dollar in Asia on concern rioting that has escalated in France over the past week is spreading to Germany. Social disorder may damp economic growth and deter investment in euro-denominated assets. The riots, which entered their 11th night, mark the longest stretch of urban violence in Europe's second-largest economy since the student uprising in 1968. ``The riots are spreading across France, bringing about huge adverse effects on the euro,'' said Michiyoshi Kato, a vice president of foreign exchange sales in Tokyo at Mizuho Corporate Bank Ltd., a unit of Japan's second-biggest lender by assets. ``Acts of violence will surely continue to weigh on the euro.'' Against the dollar, the euro traded at $1.1795 as of 8:42 a.m. in Tokyo, from $1.1805 late yesterday in New York, according to electronic foreign-exchange dealing system EBS. The euro was at 138.66 yen, from 138.92. The euro may fall to $1.1760 against the dollar today, Kato said. More than 1,220 people have been arrested and about 4,700 vehicles have been torched since Oct. 27, when gangs of youths began their rampage in the Paris suburbs. In Berlin, five cars were burned by arsonists who may be attempting to copy rioters in France, police in the German capital said yesterday. Last Updated: November 7, 2005 18:43 EST

nov-2005-riots Euro declines as riots escalate Fears of jihad across europe France raids iranian group French interior minister first declares war on suburbs { November 4 2005 } Interior minister says riots are not spontaneous { November 4 2005 } Le pen alleged tortured algerian militants { May 8 1945 } Le pen says immigrants threaten all europe Muslims say french misundertand headscarfs New prime minister villepin supports status quo { May 31 2005 } Right wing le pen urges chirac resign after eu vote { May 29 2005 } Riot hit france extends emergency powers { November 15 2005 } Veiled opposition comes out in force { December 22 2003 } Files Listed: 12

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