The Euro dropped against its major counterparts

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Source: Bloomberg

The Euro fell against 13 of its counterparts on Wednesday. The single currency lost 0.3% against the Yen and the US Dollar and current rate is JPY 100.35 per EUR and USD 1.2572 per EUR. Moreover, the Euro depreciated against the Swedish Krona  to SEK 8.7093 per EUR. Experts attributed the drop to services sector contraction in Germany and lower risk-appetite ahead of the ECB meeting due on Thursday.

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Wed, 04 Jul 2012 13:22:38 GMT

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