LONDON, Sept 1 The euro fell across the board on
Thursday after a weaker-than-expected reading of German
manufacturing highlighted increasing sluggishness in the euro
zone's largest economy.
Markit's Purchasing Managers' Index for German fell for the
fourth month in a row to 50.9 for August -- the weakest level
since September 2009 -- from 52.0 in July and well below an
initial estimate also of 52.0.
The German figures followed figures showing manufacturing
contractions in France, Italy and Spain, while the euro zone
overall also posted a contraction, its first since September
The euro fell to a session low of $1.4290 according
to electronic trading platform EBS, dipping from $1.4305 to
trade half a percent lower on the day. Against the Swiss franc
, it fell around 0.8 percent to the day's low of 1.1480
(Reporting by London Forex Team)