(Reuters) - The euro fell towards recent six-week lows versus the dollar on Thursday after below-forecast German business sentiment data sparked some liquidation of overstretched long positions in the single currency.
The Ifo business climate index was steady at 108.6 in May, below a consensus forecast for a rise to 108.8. Current conditions came in at 112.5 compared with expectations for 113.5 while the expectations component rose to 104.8 versus a forecast of 104.5.
Read more at Reuters Africa
The Ifo business climate index was steady at 108.6 in May, below a consensus forecast for a rise to 108.8. Current conditions came in at 112.5 compared with expectations for 113.5 while the expectations component rose to 104.8 versus a forecast of 104.5.
Read more at Reuters Africa
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