RTRS: Euro slides to two-week low vs. dollar on soft German data
(Reuters) - The euro dropped to a two-week low against the dollar on Tuesday after weak German data raised concerns about the health of the euro zone economy, reviving speculation that the European Central Bank could cut interest rates.
A survey showed Germany's private sector shrank for the first time in five months in April, overshadowing improvements in French data. The soft German data added to worries about the global economic outlook after earlier figures showed Chinese manufacturing growth slowed in April.
