European Session – Euro weighed down by German data
Posted on May 14, 2013 at 12:10 pm GMTThe euro turned lower against the dollar after being weighed down by disappointing German confidence data on Tuesday. The ZEW index missed expectations and increased less-than-forecast to 36.4 from 36.3 in April. The data caused some concerns to investors who fear that the euro zone debt crisis may have risks to Germany. The euro only enjoyed a brief boost to $1.3027 following a successful Spanish bond auction which resulted in lowering Spanish bond yields. A separate report showed that euro [..]