(Bloomberg) -- The euro fell the most in a week
against the yen after a report showed investor confidence in
Germany, Europe's largest economy, unexpectedly declined.
The single European currency was little changed versus the
dollar as optimism on the economy waned among analysts and
investors following a surge in bond yields to the highest in five
years. Rising borrowing costs for home buyers and businesses will
limit economic growth and weaken the European Central Bank's case
for raising interest rates.
Read more at Bloomberg Currencies News
against the yen after a report showed investor confidence in
Germany, Europe's largest economy, unexpectedly declined.
The single European currency was little changed versus the
dollar as optimism on the economy waned among analysts and
investors following a surge in bond yields to the highest in five
years. Rising borrowing costs for home buyers and businesses will
limit economic growth and weaken the European Central Bank's case
for raising interest rates.
Read more at Bloomberg Currencies News
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