Euro drops versus U.S. Dollar as Mario Draghi claims further rate cuts

Source: Bloomberg
© Scanpix/RS
The European currency declined against the U.S. Dollar on Tuesday as President of the European Central Bank Mario Draghi said that policy makers are ready to lower the benchmark interest rate further in case of the deterioration in the economy. The shared currency fell 0.3% to $1.3076 at 5 p.m. in New York, while it was at 129.88 yen.

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Tue, 07 May 2013 10:51:03 GMT

U.K. business activity falls in three-month period to April

Business activity in the United Kingdom's small and medium-sized companies stood at a weaker-than-forecast level in a three-month period ended in April as new orders and output fell, the latest figure released by the Confederation of British Industry revealed on Tuesday. According to the SME survey, the fall of new orders and output was driven by weaker domestic and export

Tue, 07 May 2013 10:29:03 GMT

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