German industrial output fell 1.8% on the month in May, its biggest drop in more than two years.
The news raised speculation that further stimulus from
Policy makers in the euro zone were waiting for evidence that the 17-nation bloc was getting back on track, but with economic powerhouse
The Federal Reserve is also seen keeping its easy monetary policy in place, not wanting to risk the fragile US recovery.
Hints about the Fed's outlook on interest rate may be seen Wednesday upon the release of minutes from their June monetary policy meeting.
Meanwhile, the Bank of
The dollar held near a 5-year low of
The buck was stuck at
There was little movement for the dollar against the yen, as the pair remained in a tight range near 101.80.
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