LONDON Feb 20 The euro dipped against
the dollar on Thursday after an index of French purchasing
managers' views on the economy came in well below forecast
, underlining a still fragile outlook for growth in
France's service sector shrank the most in nine months in
February, the survey showed, coming in at 46.9 - almost three
full points below market forecasts. The headline composite index
of manufacturing and services fell to 47.6 from 48.9 in January.
Most banks at the start of this year have been calling for a
weakening of the euro against the dollar that has yet to
materialise. After the French numbers the single currency fell
by around 0.2 percent to a session low of $1.3710.