Euro Weak Against Buck And Yen Friday, Strong Versus Sterling, Friday, July 27, 2007 2:07:05 PM

The European currency dropped against its American and Japanese counterparts in trading on Friday afternoon in New York. Meanwhile, the euro was strong in action against the pound. On the whole, the euro moved as Germany released annual inflation numbers for June.

The European currency fell against its American counterpart in trading on Friday. The currency dropped sharply in the early morning hours and held close to a mark of 1.3647 as action moved into the afternoon. On the whole, the euro is near a three week low against its American counterpart.

In trading against the pound on Friday, the European currency saw strength headed into the afternoon action. The euro rose steadily to a mark of 0.6732. In general, the European currency is near a week and a half high against its British counterpart.

The European currency fell against its Japanese counterpart in Friday`s action. The euro dropped steadily through the session to moved near 162.19 in the mid afternoon. Overall, the European currency is near a six week low against the Japanese yen.

German consumer prices index rose 1.9% on year in July. Last month, it gained 1.8% and economists expected that same annual inflation rate for July.

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