The euro fell for a second day against the dollar on the news that the European Central Bank may begin charging lenders to deposit spare cash with it.
The shared currency dropped as industrial output slid more than analysts forecast. The ECB is “very seriously” considering negative deposit rates, said policy maker Benoit Coeure . The pound rose the most in three weeks versus the euro as the Bank of England said the U.K.’s economic recovery is gaining momentum. The dollar fell against the yen before data tomorrow that analysts said will show U.S. retail sales paused or even dropped in January.
The shared currency dropped as industrial output slid more than analysts forecast. The ECB is “very seriously” considering negative deposit rates, said policy maker Benoit Coeure . The pound rose the most in three weeks versus the euro as the Bank of England said the U.K.’s economic recovery is gaining momentum. The dollar fell against the yen before data tomorrow that analysts said will show U.S. retail sales paused or even dropped in January.