Thu, 31 Oct 2013 16:22:06 GMT
Euro at 4-month low amid unemployment data
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