(Bloomberg) -- The euro extended losses against the
yen and the dollar after a report today showed investor
confidence in Germany, Europe's largest economy, unexpectedly
declined.
The ZEW Center for European Economic Research in Mannheim,
Germany, said today its index of investor and analyst
expectations fell to 20.3 from 24 in May, which was below
economists' expectations for 29 in a Bloomberg News survey. The
single currency earlier touched a record against the yen and
reached its highest in more than a week versus the dollar on
speculation the European Central Bank will keep raising interest
rates.
Read more at Bloomberg Currencies News
yen and the dollar after a report today showed investor
confidence in Germany, Europe's largest economy, unexpectedly
declined.
The ZEW Center for European Economic Research in Mannheim,
Germany, said today its index of investor and analyst
expectations fell to 20.3 from 24 in May, which was below
economists' expectations for 29 in a Bloomberg News survey. The
single currency earlier touched a record against the yen and
reached its highest in more than a week versus the dollar on
speculation the European Central Bank will keep raising interest
rates.
Read more at Bloomberg Currencies News
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