The euro weakened as concern that growth and sentiment in the 17-nation region is faltering overshadowed prospects that a leadersâ€™ meeting this week will lead to solutions to the debt crisis.
The euro fell versus most of its major peers amid uncertainty over whether Spain will seek a bailout and before a report forecast to show investor confidence in Germany weakened. The Australian dollar dropped before the Reserve Bank releases tomorrow minutes of its October meeting, while its New Zealand counterpart slid after a report showed services shrank.
â€œEconomic data from Europe are weak and continue to weigh on the euro,â€ said Marito Ueda, senior managing director in Tokyo at FX Prime Corp. (8711), a currency-margin company. â€œThere are hopes Spain will request aid, but that is yet to be decided.â€
via Bloomberg 
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.