The Euro Falls After Germany Reports Declining Industrial Production

“The euro weakened as reports showing declines in German industrial production and exports added to evidence Europe’s sovereign debt crisis is hurting the region’s largest economies.

The 17-nation currency fell against all except one of its 16 major counterparts after Standard & Poor’s lowered its outlook on Greece’s sovereign rating to negative from stable. The pound appreciated for a second day against the dollar and the euro after Bank of England GovernorMervyn King said an interest-rate cut may be counterproductive. Japan’s yen rise.”

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