German business confidence fell in April for the second consecutive month, according to a closely-watched survey.
The Ifo think tank said its business climate index, based on a survey of about 7,000 firms, fell to 104.4 in April, down from 106.7 in March.
The survey sent the euro to its lowest against the dollar in nearly three weeks on worries about the strength of Europe’s largest economy.
Germany’s economy had been the growth engine amid the eurozone crisis.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.