Euro drops since German confidence declines

Source: Bloomberg
© RS
The Euro depreciated for the first time during three days versus the Dollar since the business confidence in Germany declined, curbing demand for the common currency. The Euro weakened against the majority of its 16 major counterparts and fell 0.4% to $1.3790 as of 9:13 a.m. in New York after gaining 0.4% during the preceding two days. The Euro also declined 0.2% to 141.22 against the Yen.

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