06.08.201404:24:44UTC+00Euro touches 9-month low on German figures

The euro tumbled to a nine-month low Wednesday, stretching its losings, following figures showed a sharp plunge in German industrial orders.

The currency declined to $1.3349, its lowest level since November. It last traded at $1.3361, down 0.1%.

The common currency weakened following data reflected German industrial orders in June logged its largest monthly dive since September 2011, as more firms became more cautious on geopolitical developments and risks.

Data bolstered the US dollar to a new 11-month peak versus a basket of major currencies.

"We're back into the medium-term trend, which is for a higher dollar. Over time the euro is likely to head lower versus the dollar, due to a divergence in the outlook for monetary policies of the United States and the eurozone," said Jesper Bargmann, Head of Trading for Nordea Bank in Singapore.