XE Market Analysis: Europe – Feb 07, 2017

The euro is underperforming heading into the London interbank open, showing a 0.5% decline versus the dollar, a 0.4% loss against the yen while trading 0.3% for the worse against the pound. The shared currency is also trading as the second weakest of the currencies we track on the week so far, with sterling being the weakest. EUR-USD extended losses following the release of German industrial production data, which fell 3.0% m/m, contrary to the median forecast for a 0.3% rise.

Source: XE news feed
XE Market Analysis: Europe – Feb 07, 2017