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Euro near 3-month low after soft data, dollar looks to Fed s minutes

Hideyuki Sano 3 minute read Rolled Euro banknotes are placed on U.S. Dollar banknotes in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File Photo TOKYO, July 7 (Reuters) - The euro staggered near a three-month low against the dollar on Wednesday after disappointing German data raised doubts about the strength of the economic recovery, while the dollar awaited the Federal Reserve s minutes from its last policy meeting. The single currency changed hands at $1.1820 , having touched a three-month low of $1.1806 on Tuesday. Against the yen, it fell to 130.81 yen , edging near its two-month low of 130.05 set on June 21. Investor sentiment in Germany, the euro zone s biggest economy, fell sharply in July, though it remained at a very high level, the ZEW economic research institute reported. read more

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