The EUR/USD fell another half-percent on Monday, dragging the pair into 12-week lows near 1.0723 after EU economic data failed to inspire investor confidence.
Imports of Chinese vehicles and parts to Germany jumped 75% in the first half of the year while trade the other way slumped, showing the mounting pressure on Europe's biggest auto production hub. Several Chinese brands entered the German market this year, the German Economic Institute (IW) said in a report seen ahead of publication by Reuters, bringing the total to eight, though they still account for just 1.5% of vehicles sold in the country. Cars made in China by non-Chinese brands, such as the all-electric iX3 from Germany's BMW's, also contributed to the rise in imports.
Germany's imports from Russia fell by more than 90% in the first year of Moscow's war in Ukraine, largely as a result of the collapse of Russian energy deliveries to Europe's biggest economy, official figures showed Thursday.
Get latest articles and stories on India at LatestLY. Families of the victims of the Jaipur serial bomb blast case of 2008 on Thursday moved the Supreme Court, challenging the Rajasthan High Court order, which acquitted four accused. India News | Jaipur Serial Bomb Blast 2008: Victims Families Move SC Against Rajasthan HC Order.