Bloomberg News

Euro Stays Weaker Versus Dollar After French Industrial Output

July 10, 2012

The euro stayed weaker against the dollar and the yen after a report showed French industrial output dropped in May.

The 17-member currency fell 0.2 percent to $1.2292 as of 7:46 a.m. London time and declined 0.3 percent to 97.63 yen.

Output fell 1.9 percent from a month earlier, Paris-based statistics office Insee said today. April’s production increase was revised down to 1.4 percent. Economists had forecast a decline of 1 percent in May, according to the median of 21 estimates gathered by Bloomberg News.

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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