28 April 2003, 12:18  Euro falls on sharp downstick in German Ifo index

LONDON, April 28 - The euro fell against the dollar and the yen after Germany's Ifo business sentiment survey came out sharply weaker than expected on Monday. The euro traded at $1.1035 per dollar , down from session highs of $1.078. It also stepped down from four-year highs hit against the yen earlier in the day, slipping into negative territory to trade at 132.62 per yen . The West German April Ifo business climate index fell to 86.6 from 88.1 in March. The market was expecting a rise. For full report on major currencies click on [FRX/] For previous updates on currency moves click on [USD/-M]//

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