The euro stayed weaker against the dollar and the yen as economic confidence in the region decreased more than economists forecast.
Europe’s common currency fell 0.5 percent to $1.2267 at 10:36 a.m. London time and was 0.8 percent lower at 95.94 yen.
An index of executive and consumer sentiment in 17-nation euro area dropped to 87.9 from 89.9 in June, the European Commission in Brussels said today. That’s the lowest since September 2009. Economists had forecast a drop to 88.9, the median of 26 estimates in a Bloomberg News survey showed.
To contact the reporter on this story: Lukanyo Mnyanda in Edinburgh at email@example.com
To contact the editor responsible for this story: Peter Woodifield at firstname.lastname@example.org