Euro falls against dollar on European debt worries

A newspaper report that Spain is thinking about applying for a bailout spooked traders. Spain is the fourth-largest economy in the euro zone, and its debt may be too big to be bailed out.Italys biggest bank, UniCredit, said it would offer shares at a 69 percent discount on Tuesdays closing price to raise cash. The size of the discount increased worries about the state of Europes banking sector.The euro fell to $1.2935 in afternoon trading Wednesday from $1.3056 late Tuesday.In other trading, the British pound fell to $1.5628 from $1.5652. The dollar rose to 0.9420 Swiss franc from 0.9321 Swiss franc.The dollar slipped to 76.65 Japanese yen from 76.67 yen.