Dollar Jumps to 2-Week High, Euro Slides as German Inflation Eases

Dollar Jumps to 2-Week High, Euro Slides as German Inflation Eases
U.S. Dollar and Euro banknotes are seen in this illustration taken on July 17, 2022. Dado Ruvic/Reuters
Reuters
Updated:

LONDON—The euro was on track for its biggest one-day drop since September as German inflation eased in December, while the dollar rose to a two-week high with focus turning to the Federal Reserve’s minutes from the December meeting.

The euro was last down around 1.3 percent against the dollar at $1.0526, its lowest level since Dec. 12, and on track for its biggest daily fall since Sept. 23 last year.