LONDON, April 24 The euro fell to its lowest in
nearly three weeks against the dollar on Wednesday while Bunds
edged up briefly after the German Ifo survey fell well short of
expectations and bolstered expectations of an interest rate cut.
The euro fell to $1.2954 after the survey was
released from $1.2991 beforehand, and its lowest level since
German Bund futures rose briefly after the data to hit
session highs of 146.25, up 16 ticks on the day. They later
retreated to 146.08.
Europe's FTSEurofirst 300 extended gains to a
session high, up 0.4 percent at 1,188.56 points.
The European Central Bank meets next week and expectations
are growing that a slew of weak economic data and subdued
inflation will drive it to cut rates.