(RTTNews) - During early European deals on Monday, the euro showed mixed trading against its major counterparts. While the euro plunged to a new multi-week low against the franc, it rose against the pound. Meanwhile, the euro recovered from an early Asian session's 4-day low against the yen and a new multi-week low against the dollar.
Eurozone annual inflation rose to 1.7% in July from 1.4% in June, data from the statistical office Eurostat showed today. The statistical office confirmed the initial estimate released on July 30. On a monthly basis, consumer prices were down 0.3%, slightly smaller than the consensus forecast of 0.4% fall.
Most European stocks turned negative in morning trade today as a weaker-than-expected Japan's second quarter GDP raised concerns about the global economic recovery.
Germany's DAX is currently down by 0.4%, while France's CAC 40 and U.K.'s FTSE 100 indexes are losing 0.5% each.
The euro climbed against the pound during early European deals on Monday. At 4:40 am ET, the euro-pound pair reached 0.8224, up from Friday's close of 0.8187. If the euro gains further, it may likely target the 0.826 level. As of now, the pair is worth 0.8216.
