Reuters: US Dollar Report: Euro down 1 pct vs yen after poor German PMI data

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Euro down 1 pct vs yen after poor German PMI data Mar 22nd 2012, 08:53 LONDON, March 22 | Thu Mar 22, 2012 4:53am EDT LONDON, March 22 (Reuters) - The euro dropped 1 percent against the yen on Thursday as real money investors stepped up selling the common currency after both French and German PMI surveys disappointed and raised concerns about a euro zone slowdown. The euro fell to a session low of 108.924 yen on trading platform EBS, down more than 1 percent on the day. The euro was also lower against the dollar at $1.3163, with bids cited around $1.3150.

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