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Euro extends losses vs dollar, hits global session low
NEW YORK, Sept 24 |
NEW YORK, Sept 24 (Reuters) - The euro extended losses against the U.S. dollar on Monday as a disappointing survey on German business sentiment and uncertainty over Spain and Greece undermined the single currency.
The euro fell as low as $1.2889, its lowest since Sept. 13. It last traded at $1.2894, down 0.7 percent on the day, according to Reuters data.
The Munich-based Ifo think tank said its business climate index, based on a monthly survey of some 7,000 firms, fell to 101.4 in September from 102.3 in August. A Reuters poll of 45 economists had forecast a slight rise to 102.5.
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