Central Banking

Euro dips on Eichel comments

The euro dipped yesterday to its lowest London closing price against the dollar since September 22 joint central bank intervention, weakened by German criticism of the euro-zone's lack of policy co-ordination. Euro-dollar dipped as low as $0.868 during London trading, before recovering a little to close at $0.869. Traders said comments by Hans Eichel, Germany's finance minister, had weakened the currency. Mr Eichel said that without closer policy co-ordination between member states' governmen