RTTNews - The euro was mixed against other major currencies on Monday in New York as investors continued to consider interest rate decisions in Europe last week, while looking ahead to the U.S. Federal Reserve's decision later in the week.
The euro continued to pull back versus the dollar, and also slipped versus the yen, as weaker global stocks limited risk appeal. The European currency had reached its best levels of 2009 last week versus the greenback.
On the economic front, the Eurozone sentix investor confidence improved more than expected in August, while French industrial production unexpectedly increased.
The euro fell to 1.4132 against the dollar, its lowest level of August. Last week, the common currency reached a 7 1/2-month high of 1.4446.
The euro reached a 12-day high against the pound of 0.8594. The rally took the European currency away from a six-week low of 0.8464 from last week.
The Bank of England is set to lower UK's GDP forecasts and warn against the risk of the economy falling into a debt deflation trap, in the Inflation Report to be released on August 12, the Telegraph newspaper reported Monday.
The euro fell to 137.12 against the Japanese yen, giving back some of last week's sharp gains. The common currency reached a two-month high of 138.71 last week.
On the economic front in the Eurozone, results of the latest Sentix survey revealed that the headline indicator for Eurozone rose to minus 17 for August, which was the highest reading since August 2008. Economists were expecting the index to rise to just minus 25.8 from minus 31.3 in July.
Earlier today, the French statistical office INSEE announced that the industrial production increased 0.3% month-on-month in June, slower than the 2.8% growth in the previous month, revised from 2.6% rise reported initially. Economists were looking for a decline of 0.2%.
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