Region: North America

Euro’s downturn reinforced by German recession, sterling whacked by UK growth concerns. C$ slides; U.S. data surprise to upside.

German business optimism dims, UK inflation cools to a still hot 8.7%, and the Loonie falls to 1-week low.

Euro flirts with recent bottom, data knocks sterling to 1-month low, and USD/CAD climbs to 1-week peak.

Euro looks to data for direction, forecast calls for cooler UK inflation, and C$ holds its own versus greenback.

Euro falls to late March low, Sterling edges up from 3-week trough, Canadian and Mexican currencies rise.

Euro surrenders more ground while sterling is anchored near lows. Canadian consumer spending looms large for C$.