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Euro Little Changed Versus Dollar as German Ifo Index Declines

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Aug. 27 (Bloomberg) -- The euro stayed little changed against the dollar after the Ifo institute in Munich said its business climate index dropped for a fourth straight month in August to its lowest reading since March 2010.

The 17-nation currency was at $1.2523 at 9:04 a.m. London time, from $1.2512 on Aug. 24. It was at 98.52 yen from 98.44.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net

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