BLBG: Euro Drops Versus Dollar After German Factory Orders Slump
By Vidya Root
Dec. 5 (Bloomberg) -- The euro fell against the dollar and extended declines against the Japanese yen after manufacturing orders in Germany slumped more than expected in October as demand for plant and machinery collapsed.
The currency shared by 15 European nations slipped to $1.2711 at 11:09 a.m. in London, from $1.2777 in New York yesterday. The euro bought 117.34 yen from 117.85 yen. The dollar traded at 92.30 yen from 92.23 yen.
