Euro Touches 11-Year Low Versus Yen Before Merkel, Sarkozy Meet
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The euro touched an 11-year low against the yen before the German and French leaders meet amid signs Europe’s sovereign-debt crisis is damping the region’s prospects for growth.
The 17-nation euro traded 0.4 percent from the least in nearly 16 months versus the dollar ahead of a report today forecast to show industrial production in Germany, Europe’s biggest economy, declined in November. Australia’s currency dropped after a report showed retail sales unexpectedly stagnated in November. The Philippine peso fell for a third day before a report on exports.