Euro falls against the dollar following Japanese data
The euro slid lower against the US dollar on Monday after the unexpected Japanese gross domestic product shook markets confidence.
The economic data showed that Japan’s economy contracted by 0.4% for the third quarter weighing on financial markets and global equities. The European indices dropped due to the Japanese data.
The euro retreated despite the rise in trade surplus for the euro zone in September, which came better than expected supported by exports.
Markets are awaiting the European Central Bank president Mario Draghi’s statement that could support the euro, if the euro zone economy showed improvement.
The euro dropped 0.22% today against the US dollar to 1.2500 at 12:27 GMT.
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