May 15 (Bloomberg) -- The euro fell against the dollar and extended a weekly loss versus the yen after a German government report showed Europe’s largest economy contracted last quarter by more than economists estimated.
The euro also headed for its first weekly loss in a month versus the dollar on concern a European report today will show the region’s economy shrank at the fastest pace in at least 13 years. New Zealand’s dollar fell against all 16 of the most- traded currencies after a report showed retail sales dropped almost twice as fast as economists forecast. South Korea’s won rose as overseas funds bought more local stocks than they sold. The euro declined to $1.3593 as of 7:36 a.m. in London from $1.3639 in New York yesterday, heading for 0.3 percent loss this week. Europe’s currency fell to 129.93 yen from 130.67 yen, and was set for a 3.2 percent decline this week. The dollar bought 95.59 yen from 95.80 yen.
Friday, May 15, 2009
Euro falls vs dollar after German GDP Fell.
