LONDON—The euro was on track for its biggest one-day drop since September as German inflation eased in December, while the dollar rose to a two-week high with focus turning to the Federal Reserve’s minutes from the December meeting.
The euro was last down around 1.3 percent against the dollar at $1.0526, its lowest level since Dec. 12, and on track for its biggest daily fall since Sept. 23 last year.
German state inflation data showed an easing of price pressures in December, indicating national inflation may also have slowed for a second month due in part to the government’s one-off payment of household energy bills….