Euro falters for 2nd day as German sentiment worsens

Euro falls against the dollar
Euro falters for 2nd day as German sentiment worsens

Image Credits: alfmelin / Flickr.

by Gertrude Chavez-Dreyfuss | Reuters | August 12, 2014

The euro fell against the dollar for a second consecutive session on Tuesday after a weak German investor sentiment survey highlighted growing concerns about slowing growth in the region and worries about the impact of the Russia-Ukraine crisis.

Investors saw broad euro weakness with the euro index, which measures the euro zone common currency’s value against five other units, down 0.2 percent on the day following the weak German data.

Germany’s ZEW survey showed both the current situation and expectations indexes deteriorating in August, while the overall index fell for an eighth consecutive month, to 8.6, its lowest since December 2012 and well below forecasts.

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