By KUNA,
BERLIN : The European currency the euro on Monday went down to USD 1.3185 at the German Frankfurt Stock Exchange, from USD 1.3295 on Friday.
The US dollar hit 0.7581 euro, dealers told reporters.
The fall of the euro versus the US dollar is primarily due to dispiriting economic data and dwindling financial inflation rates in the eurozone, they said.
The DAX index, which includes over 30 economic corporations in Germany, fell 2.65 percent to 4092 points, while the MDAX, the major index listing mid-sized companies, lost 2.08 percent to 4412 points.
Dealers ascribed losses of German indices to pessimism at financial markets and the latest developments of General Motors, whose chief executive Rick Wagoner has stepped down today at the request of US President Barack Obama.
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