Reuters: US Dollar Report: Euro falls after weaker-than-expected German PMI

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Euro falls after weaker-than-expected German PMI Jul 24th 2012, 07:38 LONDON, July 24 | Tue Jul 24, 2012 3:38am EDT LONDON, July 24 (Reuters) - The euro fell after a weaker-than-expected German purchasing managers' survey showed private sector activity in Europe's largest country contracting for a third straight month, increasing concerns about euro zone economic weakness. Germany's flash manufacturing PMI fell to 43.3 in July, well below forecasts for 45.3, while services PMI was also below forecasts at 49.7. The data followed French manufacturing PMI which was also well below forecasts. The euro fell to around $1.2104 from $1.2121 before the data, coming close to the day's low at $1.2103. More falls would see it target Monday's two-year low of $1.2067.

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