Tuesday, March 12, 2013

Euro Weakens

Euro Weakens

The euro weakened and European stocks extended a retreat from a 4 1/2-year high before reports forecast to show weaker manufacturing data in the region.

The euro declined 0.3 percent versus the dollar as of 8:18 a.m. in London, and fell against most of its 16 major peers. The Stoxx Europe 600 Index slid for a second day, down 0.1 percent.

European Union leaders will meet in Brussels for a summit on March 14-15 to discuss rescue plans for Cyprus.

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