The euro dropped below US$0.90 yesterday, after the Ifo institute index of business confidence among 7,000 German companies sank to 85 in September from 89.5 in August. That compares with forecasts of 88.4 and is the most pessimistic level in almost eight years, in a country that comprises a third of the euro-zone's economy.
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Sun, Oct 21, 2001 - Page 10 News List
Dollar may move higher next week
CURRENCY Investors are having second thoughts about fleeing from the greenback and buying other currencies since a rebound is most likely to begin in the US economy
BLOOMBERG , NEW YORK
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