Joined Nov 11, 2007
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The Euro Falls for a Fourth Day


“The euro weakened for a fourth day against the dollar as Germany’s economy ministry said the outlook for faster growth was fading amid the currency-bloc’s sovereign-debt crisis.

The greenback and yen strengthened against most of their major counterparts as China’s export growth collapsed, boosting demand for the currencies as havens. The Australian dollar fell against all except one of its 16 major counterparts on concern the slowdown in its top trading partner will deepen. Sweden’s krona fell against the dollar after a central bank official said the Riksbank hadn’t done enough to stimulate the economy.”

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