Investing.com - The euro fell to session lows against the dollar and the yen on Wednesday after data showing that German industrial production fell at the fastest rate in a year in August.
EUR/USD was down 0.34% to 1.1235 from 1.1271 late Tuesday.
Germany’s Economy Ministry said industrial output fell 1.2% from a month earlier, missing forecasts for a 0.2% increase.
It was the steepest drop since August 2014, adding to concerns that a slowdown in global growth is spreading to the euro area’s largest economy.
But July’s figure was revised up to show an increase of 1.2% from a previously reported rise of 0.7%.
The report came a day after data showing that German factory orders unexpectedly fell 1.8% in August.
The euro was lower against the yen, with EUR/JPY down 0.48% to 134.87.
The yen strengthened after the Bank of Japan kept monetary policy unchanged at its policy meeting on Wednesday despite recent economic reports pointing to weakness in Japan’s economy.
The BoJ refrained from expanding its stimulus program but there is still speculation the central bank could ease monetary policy at its October meeting.
Data last month showed that core inflation in Japan fell for the first time since the BoJ launched its $1.4 trillion quantitative easing program in 2013 in a bid to bolster growth and end years of deflation.
The yen also gained ground against the dollar, with USD/JPY slipping 0.16% to 120.02.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.15% to 95.67.