Reuters: US Dollar Report: Euro hits one-week low vs dollar, stocks fall after German Ifo

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Euro hits one-week low vs dollar, stocks fall after German Ifo Oct 24th 2012, 08:09 LONDON | Wed Oct 24, 2012 4:09am EDT LONDON Oct 24 (Reuters) - The euro hit a one-week low against the dollar and European shares turned negative on Wednesday after a weaker-than-expected German Ifo survey added to signs of slowing growth in the euro zone's biggest economy. The single currency fell to 0.4 percent on the day to $1.2932, its lowest level since Oct. 15, from $1.2963 before the data. The dollar index rose to a two-week high of 80.112. Europe's FTSEurofirst 300 turned negative, trading down 0.2 percent at 1,087.13 points by 0801 GMT.

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