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The 17-nation currency fell 0.4 per cent to $1.3583 this morning, with the yen little changed at 77 per dollar. There is speculation that Japan will weaken its currency in a bid to support exporters.
Today, the ZEW Centre for European Economic Research in Mannheim, Germany will release its index of investor and analyst expectations, aiming to predict events in the financial market up to six months in advance.
"The risk is that we get an even weaker result on the ZEW survey and that just adds to the poor sentiment over Europe," Besa Dada, chief economist at St. George Bank Ltd in Sydney, told the news provider.
On Sunday a Dutch opinion poll from Maurice du Hond found that nearly half of those surveyed want the eurozone's strongest economies, such as Holland and Germany, to form their own currency bloc.
Posted by Greg Secker
