Euro at 4-month low amid unemployment data

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
The Eurozone currency depreciated 0.9% to $1.3610 as of 10:48 a.m. in New York, the sharpest fall since June 20, after unemployment data showed a record high 12.2% rate, while the inflation dropped to 0.7% in October, from 1.1% a month earlier, moving far from ECB's 2.0% target. Despite the fact that European economy escaped from recession, the ECB expects slower-pace of recovery.
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