Americas
Tuesday, 02 April 2013 02:50
294
NEW YORK: The dollar fell to a nearly four-week low against the yen on Monday as softer-than-expected US manufacturing data suggested the economy may have run out of steam at the end of the first quarter, interrupting a recent run of generally upbeat data.The euro, meanwhile, fell to a more than one-month trough versus the yen as investors favored the safe-haven Japanese currency following unexpectedly weak Chinese factory activity and renewed uncertainty in the Korean peninsula.Volume was thin, with many markets still closed for Easter holiday, and the low liquidity led to exaggerated currency moves.US factory activity grew at the slowest rate in three months in March, according to the Institute for Supply Management. Its index of national factory activity fell to 51.3 last month from 54.2 in February. A reading above 50 indicates expansion in the manufacturing sector.China's official Purchasing Managers Index reached 50.9 in March, below market expectations ...
NEW YORK: The euro rose to session highs against the dollar on Monday after data showed a weaker-than-expected US manufacturing sector in March.The Institute for Supply Management said its index of national factory activity fell to 51.3 from 54.2 the month before. The reading was shy of expectations of 54.2 according to a Reuters poll of economists.The euro rose to the day's high of $1.2854. It was last at $1.2847, up 0.2 percent. Copyright ...
NEW YORK: The yen firmed across the board on Monday on safe-haven flows following weaker-than-expected Chinese factory activity and renewed uncertainty in the Korean peninsula.The euro, meanwhile, was flat after approaching a four-month low earlier on concerns about the spillover from Cyprus' bailout terms.Trading, however, was thin, with many markets still closed for Easter holidays. But the mood was cautious ahead of the European Central Bank's monetary policy review on Thursday and the monthly US ...
TORONTO: The Canadian dollar was slightly weaker against the US currency on Monday, with volumes limited by Easter holidays ahead of several central bank policy decisions due later in the week."It's a very quiet start to the week. There are lots of central banks meeting this week, which is contributing to the lack of interest at the moment," said Shaun Osborne, chief currency strategist at TD Securities.At 9:22 a.m. (1322 GMT) the Canadian dollar was ...
NEW YORK: The dollar slightly extended losses versus the euro and marginally extended losses versus the Japanese yen on Thursday after US data.The number of Americans filing new claims for unemployment benefits rose more than expected last week, but probably not enough to suggest the labor market recovery was taking a step back.Separate data showed the US economy expanded at a sluggish pace in the fourth quarter although a big gain in business investment and ...
NEW YORK: The euro fell to its lowest level against the US dollar in four months on Wednesday, weighed by a weak Italian bond auction and concerns that Cyprus' recent rescue deal could serve as the pattern for future bailouts in the region.Italy paid more to borrow over five years than it has since October as lack of progress in forming a new government and worries about Cyprus' bailout hurt demand at a debt auction.Italian ...
NEW YORK: The euro hovered near a four-month low against the dollar on Tuesday as mixed messages from European officials kept fears alive that a decision by Cyprus to tax large bank depositors would set a precedent for other troubled euro-zone economies.The dollar rose against the yen as Bank of Japan Governor Haruhiko Kuroda reinforced expectations of aggressive monetary easing ahead of the bank's policy-setting meeting next week.Worries about banks in larger debt-plagued euro-zone countries ...
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