The Bundesbank's deepening pessimism for the German economy, which follows the ECB cutting its...

|By:, SA News Editor

The Bundesbank's deepening pessimism for the German economy, which follows the ECB cutting its eurozone growth forecasts yesterday, helps send the euro tumbling 0.3% to $1.2919. The yen briefly spikes against the dollar after a 7.3 magnitude earthquake off Japan's northeast coast but has settled back to be flat on the day at 82.37 yen.