Euro Pares Drop Versus Dollar After Italian Industrial Output

The euro pared a decline against the dollar as a report showed Italian industrial production unexpectedly rose in August.

The 17-member currency weakened 0.1 percent to $1.2869 at 9:06 a.m. London time, after earlier touching $1.2835, the lowest since Oct. 1. It was little changed at 100.78 yen.

Italian industrial production rose 1.7 percent from July, when it contracted a revised 0.1 percent. Economists forecast a decline of 0.5 percent, according to the median of 18 estimates in a Bloomberg News survey.

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net

To contact the editor responsible for this story: Keith Jenkins at kjenkins3@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.