Euro falls as Eurozone's private sector data disappoints

Source: Investing.com
© Scanpix/Reuters
On Tuesday the Euro nearly reached a nine-year low versus the US Dollar amid the Eurozone's private sector activity data showing a much slower rate than anticipated in December. EUR/USD was at a 1.1905, down 0.22%, posting the worst performance since February 2006. Last month's services PMI declined from 51.7 to 51.4 points, still above the threshold level of below 50, and will impact on central bank's decision to implement QE at the earliest time possible.
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