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Euro hits fresh 22-mth low after German Ifo
LONDON |
LONDON May 24 (Reuters) - The euro extended losses on Thursday to drop to fresh 22-month lows against the dollar after a weaker-than-expected German Ifo survey added to investors' gloom about the euro zone.
The euro fell to $1.2515 on trading platform EBS after the survey was released from around $1.2540 beforehand. Against the yen, the euro was down 0.5 percent at 99.44 yen, trading at its lowest since Feb 1, when it fell to 99.25 yen .
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