Euro depreciates below $1.32 after output falls

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Source: Bloomberg
The shared currency surged below $1.32 for the first time in six weeks after an industry report indicated services and manufacturing in Europe shrank faster in February than economists' predictions. The Euro slid 0.7% to $1.3190 and plummeted 1.2% to 122.81 Yen, while the latter gained 0.5% to 93.11 per greenback.
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