The euro (FXE) falls 0.5% against the dollar after reports indicate France slipped into...

|By:, SA News Editor

The euro (FXE) falls 0.5% against the dollar after reports indicate France slipped into recession during Q1 and data out of Germany shows the eurozone's largest economy narrowly avoided a similar fate. Meanwhile, sterling (FXB) retraces earlier gains (posted after BOE's Mervyn King sounded an upbeat tone on the prospects for the U.K. economy) to trade flat against the greenback.