The euro fell against the dollar for a fourth day after a report showed German investor confidence declined more than economists forecast, fueling speculation the region’s economic recovery is stalling.
The 16-nation currency weakened most versus the pound and the dollar after the ZEW Center for European Economic Research said its index of investor and analyst expectations dropped to 47.2 this month, from 50.4 in December. The pound climbed to a six-week high against the dollar after a report showed the nation’s inflation rate jumped in December by the most on record and Kraft Foods Inc. said it’s completing the terms of a recommended offer for U.K. chocolate maker Cadbury Plc.
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