NEW YORK, March 27 (Reuters) - The euro endured its biggest one-day loss against the dollar in more than two months on Friday after Germany's finance minister said fiscal irresponsibility in Europe could put the currency at risk.
Traders said the comments by German finance minister Peer Steinbrueck, along with weaker-than-forecast euro zone industrial orders and German inflation data, triggered pre-placed euro sell orders.
The greenback drew support ahead of next week's Group of 20 meeting while the yen rallied on last-minute fund repatriation by Japanese investors ahead of fiscal year end and expectations for further flows to Japan due to a change in tax regulation. read more
Traders said the comments by German finance minister Peer Steinbrueck, along with weaker-than-forecast euro zone industrial orders and German inflation data, triggered pre-placed euro sell orders.
The greenback drew support ahead of next week's Group of 20 meeting while the yen rallied on last-minute fund repatriation by Japanese investors ahead of fiscal year end and expectations for further flows to Japan due to a change in tax regulation. read more
