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 email@example.com
To contact the editor responsible for this story: Keith Jenkins at firstname.lastname@example.org