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Markets Update Markets Update Currencies & Options Euro Trades Near 3-Week Low Before German Industrial Production
Markets Update Markets Update Currencies & Options Euro Trades Near 3-Week Low Before German Industrial Production
Euro Trades Near 3-Week Low Before German Industrial Production
- Details
- Published on Thursday, 05 April 2012 01:10
- Written by Bloomberg.com
The euro traded 0.4 percent from a three-week low versus the yen as Europe’s debt crisis dimmed the outlook for the region’s economy.
The 17-nation currency was also near a three-week low against the greenback on speculation a report today will show German industrial production fell in February, backing the case for the European Central Bank to keep interest rates low. Demand for the dollar was supported before data tomorrow that may show U.S. payrolls rose by more than 200,000 workers in March for a fourth month, spurring speculation the Federal Reserve will refrain from easing monetary policy. Full story