Reuters: US Dollar Report: Euro extends drop after German PMI, Aussie at 2-mth low

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Euro extends drop after German PMI, Aussie at 2-mth low Mar 22nd 2012, 08:39 LONDON, March 22 | Thu Mar 22, 2012 4:39am EDT LONDON, March 22 (Reuters) - The euro extended losses to drop to fresh session lows against the dollar and the yen on Thursday after a German PMI survey showed the manufacturing sector shrinking for the first time this year in March. The euro fell past stops below $1.3170 to drop to $1.31512 on trading platform EBS, down 0.4 percent on the day. The euro fell 0.8 percent to 109.18 yen. The Australian dollar also fell to a fresh two-month low of $1.0368 against the U.S. dollar as euro zone PMI surveys added to worries of a global slowdown after a flash Chinese PMI survey showed factory acvitity there dropping.

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