The euro slid to a two-month low against the dollar and the weakest level in almost a month versus the yen as a drop in French industrial production added to speculation Europeâ€™s economic outlook is worsening.
The 17-nation currency headed for weekly declines against the yen and greenback as Greek lawmakers prepare to vote Nov. 11 on next yearâ€™s budget. The euro pared losses after U.S. consumer confidence climbed to a five-year high. Swedenâ€™s krona tumbled against all of its 16 most-traded counterparts, and Brazilâ€™s real fell to a four-month low versus the greenback.
â€śIt doesnâ€™t really come as a surprise that there are growth concerns in Europe -- they are in a recession -- but the contraction looks like it may be deeper,â€ť said Eric Viloria, senior currency strategist for Gain Capital Group LLC in New York. â€śItâ€™s going to add to negativity and weigh on the euro.â€ť forex