Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Euro extends drop after report on German growth cuts

Published 09/30/2019, 07:33 PM
Updated 09/30/2019, 07:40 PM
© Reuters.  Euro extends drop after report on German growth cuts

LONDON, Sept 30 (Reuters) - The euro extended its fall on
Monday and headed for a new two-year low after Reuters reported
that Germany's leading economic institutes had revised down
their growth forecast for Europe's biggest economy for this
year.
The single currency weakened 0.3% to as low as $1.0906
EUR=EBS after the story was published, which cited sources
with knowledge of the institutes' decision. [nL5N26L3R0
The euro hit its weakest since 2017 last week, at $1.0904,
weighed down by dollar strength and concerns about an economic
downturn in the euro zone.
It also extended losses against sterling, falling half a
percent to 88.56 pence

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.