EUR falls on weak Euro-Zone data
The EUR fell today on weak Euro-Zone data, trading near a five-week low against the USD after Euro-Zone economic data showed growth in the 16-nation region's services and manufacturing slowed in August.
The euro fell back below the 1.30 usd level against the dollar as solid US data continued to point to US interest rates remaining on hold for some time to come, while a report suggested that euro zone interest rates will not rise more than once more.