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In London, the currency was down to $1.3597 at 08:38 BST, Bloomberg reports, having previously been priced at $1.3639 in New York yesterday.
The value of the currency against the yen also declined and Geoffrey Yu of UBS in London told the news source that the figures from Germany are "really bad" for the currency.
"It's going to get worse because the European Central Bank has only come up with half-hearted [growth] measures," he told the news source.
The European currency is now on track to record its first weekly slide against the dollar for a month.
Elsewhere in Forex trading, the value of sterling has recovered to fall flat, after dipping slightly following the release of the German economic data, according to Reuters.
