Euro depreciates against its peers on economic concerns

Source: Bloomberg
© Scanpix/Reuters
The 18-nation currency depreciated versus most of its 16 major peers as below-forecast European business data boosted speculation that the region's economy may struggle further to recover. The Euro contracted as much as 0.1% to $1.3826 as of 5 p.m. New York time after it lost 0.6% earlier. It was little changed at $1.3967 on 13th of March, the strongest level since October 2011. Eurozone's currency slipped 0.1% to 141.39 yen. 
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