The euro plunged versus the US dollar and the Japanese yen Monday following the weak Chinese economic figures last weekend ignited woes over a downfall in the world’s biggest economy.
The currency dropped 0.20% to $1.2939, reaching again 14-month lows of $1.2858 hit last week. It also declined 0.24% to ¥138.84, from Friday’s ¥139.18.
On Saturday, market sentiment was affected after Chinese industrial output dived sharply last month. Separate reports reflected retail sales and fixed asset investment also fell.
Chinese factory production increased 6.9% from last year in August, the slowest climb since March 2009, down from July’s 9.0%.
The material has been provided by InstaForex Company – www.instaforex.com
The euro plunged versus the US dollar and the Japanese yen Monday following the weak Chinese economic figures last weekend ignited woes over a downfall in the world’s biggest economy.
The currency dropped 0.20% to $1.2939, reaching again 14-month lows of $1.2858 hit last week. It also declined 0.24% to ¥138.84, from Friday’s ¥139.18.
On Saturday, market sentiment was affected after Chinese industrial output dived sharply last month. Separate reports reflected retail sales and fixed asset investment also fell.
Chinese factory production increased 6.9% from last year in August, the slowest climb since March 2009, down from July’s 9.0%.
The material has been provided by InstaForex Company – www.instaforex.com
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