London - The euro decelerated towards its eleven-year low versus the greenback on Tuesday, with traders looking towards the German ZEW Economic Sentiment Index later in the session.
In other euro-negative news, the International Monetary Fund cut global economic growth to 3.5% for the current year, compared to the previous estimate of 3.8% expansion forecast in October.
The 19-nation currency traded down 0.17% at $1.1580 against the US dollar, ahead of the ZEW index that is expected to rise to 40 points in January after December's 34.9, with the sentiment expected to perhaps reflect the recent highs on German equity markets.
In other euro-negative news, the International Monetary Fund cut global economic growth to 3.5% for the current year, compared to the previous estimate of 3.8% expansion forecast in October.
The 19-nation currency traded down 0.17% at $1.1580 against the US dollar, ahead of the ZEW index that is expected to rise to 40 points in January after December's 34.9, with the sentiment expected to perhaps reflect the recent highs on German equity markets.
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