September 15, 2009 / 9:14 AM / in 8 years

Euro at session low vs dollar after German ZEW data

LONDON, Sept 15 (Reuters) - The euro hit a session low against the dollar on Tuesday and euro zone government bond futures pared losses after a survey showed German analyst and investor sentiment improved by less than expected in September.

The German ZEW economic research institute’s economic expectations index rose to 57.7 in September from 56.1 in August but was less than the 60.0 consensus forecast in a Reuters poll. A separate index of current conditions was -74.0 from -77.2 and worse than forecasts for -68.0.

The euro fell by 0.2 U.S. cents to a session low of $1.4580 EUR= after the data, according to Reuters charts. It was down 0.2 percent on the day at $1.4586 by 0908 GMT.

Euro zone government bonds pared losses, with December Bund futures FGBLZ9 rising around 10 ticks to 121.33 but still 5 ticks down on the day. (Reporting by the London markets team)

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