Solid eurozone economic data helped the euro rebound against the dollar on Tuesday after its worst day in five months but nagging worries about debt troubles in Greece looked set to keep the single currency vulnerable. The euro climbed above $1.43, well off a two-week low of $1.4155 reached on Monday, when fears mounted that Greece will have to restructure its debt possibly as early as summer.
The Canadian dollar firmed to a one-week high after data showed Canada's annual inflation rate in March jumped to its highest since September 2008, ratcheting up pressure on the Bank of Canada to resume raising interest rates soon. The US dollar fell as low as C$0.9548 and last traded at C$0.9581, down 0.6 percent on the day. The euro was last trading up 0.5 percent at $1.4309, after rising as high as $1.4327 on Reuters data. It fell about 1.4 percent on Monday, the biggest one-day percentage drop since November. The US dollar slipped 0.3 percent to 82.41 yen, while against a basket of currencies, it fell 0.6 percent to 75.050.
Comments
Comments are closed for this article.