Euro Falls on Weak German Business Morale, Stocks Slip
Wednesday, 24 April 2019 23:37 WIB | CURRENCIES | EuroEuroDolar

The euro fell against the U.S. dollar on Wednesday after data showing a surprise deterioration in business morale in Germany stoked fears of slowing global growth and weighed on a gauge of world equity markets.

The decline in the Munich-based Ifo economic institute's business climate index bucked expectations for a small improvement and sent U.S. Treasury yields reeling as investors piled into safe-haven bonds.

The dollar index, which measures the U.S. currency against a basket of six major rivals, was up 0.12% at 97.753, its highest since June 2017.

The euro was down 0.26% at $1.1196, while the Japanese yen strengthened 0.09% versus the greenback at 111.78 per dollar.

Source : Reuters

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