The common currency of the European Union lost value on Friday after the central bank of Germany reduced the nation's prospects for growth next year one day after the European Central Bank pulled down regional growth prospects in 2013, Bloomberg reports. Both financial institutions reduced the 2013 economic expansion forecast, which proved to be harmful to the monetary unit. But analysts, traders and investors were waiting on additional information from Germany, the host of the region's largest economy, regarding industrial manufacturing. "The discussion on interest rates is what started the slide in the euro in the last 24 hours and the Bundesbank report has just compounded that," currency strategist Neil Mellor with Bank of New York Mellon told Reuters on Friday. The euro has fallen approximately 0.4 percent against the world's reserve currency and 0.6 percent against the Japanese yen during the past five-day period, Bloomberg reports. Slippage on Friday pulled down the euro to its lowest rate in nine days against the U.S. dollar but optimism about the U.S. jobs report ready for release on Friday tempered the monetary unit's slump, Reuters reports.

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