EUR / USD: Euro weakens after German report

Tuesday afternoon currency
euro mainly moves down in pairs
other currencies, the thing is weak
German reports on industrial
production. published data
gave cause investors to fear
regarding the economic outlook
eurozone.

So, the couple EUR / USD reached
today to a session low of 1.2605, and
Now the pair is trading at 1.2614. The euro fell to a minimum
session immediately after the publication of data
from Germany, according to which the amount of
industrial production in the country
fell below the forecast of 1.5% - it decreased by
as much as 4%. Experts point out that this
the maximum reduction from 2009.
The data also showed that the production of
new cars fell in August
25%.

Yesterday, the euro strengthened
the dollar when the US currency
eased on profit taking after
Positive US employment data.

Meanwhile, a pair of
EUR / JPY dropped to 137.05, while the
couple EUR / GBP weakened, falling to 0.7851.