Dollar slips vs euro on upbeat German business morale data

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Reuters UK

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar edged down against the euro as upbeat German business morale data supported the common currency, while a modest improvement in investors’ appetite for riskier currencies weighed on the safe-haven dollar. German business morale rose more than expected in December as the outlook for Europe’s largest economy improved despite the energy crisis and high inflation, a survey showed on Monday. The euro rose 0.2% to $1.06085, not far from the six-month high of $1.0737 touched last week. “I think the dollar is generally softer on slightly higher risk-o…

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