Euro Falls to One-Week Low
The euro fell to a one-week low on weaker-than-expected economic data from Germany and ongoing concerns over the direction of elections in France.
The euro fell to a one-week low on weaker-than-expected economic data from Germany and ongoing concerns over the direction of elections in France.
The euro traded 0.75% lower in early European dealing against the dollar and was marked at 1.0667 at 9:10 a.m. GMT, the lowest level since Jan. 30.
Industrial production in Europe's biggest economy fell sharply in December, Germany's statistics office said Tuesday, with activity falling 3% from the previous month, the biggest decline in nearly eight years.
"Orders in manufacturing and construction and also sentiment indicators in these sectors are signalling a revival of output growth in coming months," the Economy Ministry said in a statement.
