The euro was weak across the board today. Market analysts explained the currency’s poor performance by worse-than-expected industrial production in the eurozone.
Eurozone industrial production contracted 0.9% in December from the previous month after falling 1.7% in November. Analysts had expected a smaller decline by 0.4%. Industrial production in the whole European Union fell by 0.5%.
EUR/USD tumbled from 1.1324 to 1.1266 as of 21:12 GMT today. EUR/JPY was almost flat at 125.06, retreating from the daily high of 125.54.
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Euro Suffers from Falling Industrial Production
