Euro Falls vs. Dollar on Lower German Production

  August 06th, 2010 at 14:23

EuroThe euro fell vs. the dollar after the report showed that the industrial output in Germany declined and on the speculation that the conditions on the US labor market improved.

The German industrial production fell 0.6 percent in June, while the economists expected another month of the growth after the production expanded as much as 2.9 percent in May. The US non-farm payrolls expected to fall as the temporary census workers quit job, but the number of jobs, excluding the government workers, should increase.

EUR/USD traded at about 1.3172 as of 12:23 GMT after it opened 1.3188.

If you have any questions, comments or opinions regarding the Euro, feel free to post them using the commentary form below.

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