Euro falls after weak German ZEW

Posted by 7Star Wednesday, January 20, 2010

The euro hit a four-month low against sterling and a one-month low against the yen on Tuesday on the back of a weak German sentiment survey and persistent concerns about Greek public finances. German analyst and investor sentiment fell more than expected in January to its lowest level since July, with the ZEW economic sentiment index dropping to 47.2 in January from 50.4 in December, below forecasts for a fall to 49.5.

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