Euro Declines Further Against Dollar And Yen Friday Morning, Friday, July 27, 2007 7:28:04 AM
The euro continued to struggle against the dollar and yen, slipping to multi-week lows against both, following the release of data showing that German consumer confidence was stable in July.The euro extended losses from the previous session against the dollar Friday morning in New York, slipping to a multi-week low of 1.3643. Greenback traders looked ahead to Friday`s release of American GDP data for the second quarter.
The euro was choppy versus the sterling Friday morning in New York, slipping to .6706 in early dealing before bouncing back to fetch .673.
The euro extended a week-long downtrend against the yen Friday morning in New York, dropping to a month and a half low of 161.80. Japanese currency investors mulled data showing that core consumer prices fell as expected during June.
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posted by Kalin Tasev @ 4:38 AM
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