(Bloomberg) -- The euro fell from historic highs against the yen and dollar on speculation a sign of German economic weakness will reduce incentive for the European Central Bank to increase borrowing costs.
The European currency declined as a government report showed retail sales in Europe's largest economy unexpectedly dropped in March after a tax increase in January. Futures traders hold record bets on gains in the euro, which some traders interpret as a sign the currency is peaking. Turkey's lira fell the most in two months after the military threatened to block the ruling party's presidential candidate.
Read more at Bloomberg Currencies News
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