The euro declined to a six-week low against the dollar in Forex Accounts as sovereign debt concerns in Europe coincided with signs the region’s biggest economies are slowing.
The 16-nation currency extended its biggest weekly loss since August before reports forecast to show waning growth in Germany and France.
The dollar headed for a second weekly gain against the yen ahead of data that economists said will show U.S. consumer sentiment improved this month.
Group of 20 leaders are meeting for a second day at a summit in Seoul to tackle foreign-exchange and trade imbalances.
The euro fell to $1.3621 as of 12:40 p.m. in Tokyo from $1.3667 in New York yesterday, after sliding to $1.3601, the weakest since Sept. 30. Europe’s currency has lost 2.9 percent this week against the greenback, the biggest drop since the period ended Aug. 13. It declined to 112.12 yen from 112.73 yen.
The dollar traded at 82.32 yen from 82.49 yen, poised for a 1.3 percent gain this week. The U.S. currency reached 82.80 yen on Nov. 10, the strongest since Oct. 7.
Gross domestic product in the 16-nation euro area increased 0.5 percent in the third quarter, after expanding 1 percent in the previous three months, according to a Bloomberg News survey of economists. The European Union’s statistics office will release the data today.
Separate reports may show GDP growth in Germany, Europe’s biggest economy, slipped to 0.8 percent in the third quarter from 2.2 percent in the second, while in No. 2 market France the expansion dipped to 0.5 percent from 0.7 percent.