MOSCOW, October 7 (RIA Novosti) - The market data showed Tuesday that the Euro was trading lower amid weak German industrial output figures.
As of 1:22 p.m. Moscow time (09:22 GMT) the euro exchange rate against the US dollar dropped from $1.2655 to $1.2616. The exchange rate of the US dollar against the yen decreased from 108.79 to 108.61 yen. The US Dollar Index, or the value of the dollar relative to a basket of the foreign currencies of the United States' six major trade partners, increased by 0.14 percent – to 85.89.
Data from the country’s economy ministry revealed earlier in the day, that the industrial output in Germany in August unexpectedly dived by 4 percent as opposed to July's figures, raising concerns among investors regarding the economic stability of the eurozone.
