Federal Reserve
Bernanke points to reduced Fed bond buying this year
Federal Reserve Chairman Ben Bernanke says the U.S. central bank expects to slow the pace of its bond purchases later this year and bring them to a halt around mid-2014, comments that weighed on stocks and pushed bond yields to a 15-month high. Full Article | Instant view
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Dollar extends losses versus yen after U.S. data
NEW YORK |
NEW YORK Dec 3 (Reuters) - The dollar extended losses versus the yen and slightly added to losses versus the euro on Monday after U.S. data showed the manufacturing sector may be struggling to gain traction.
The dollar last traded down 0.1 percent at 82.28 yen. It had been trading at 82.34 prior to the release of the data.
The euro last traded up 0.5 percent at $1.3048. It had been trading at $1.3046 prior to the release of the data.
Manufacturing unexpectedly contracted in November to its lowest in over three years.
Separate data showed U.S. construction spending rose in October by the most in five months, with stronger spending on homes outpacing tepid gains in business and government projects.
- Tweet this
- Link this
- Share this
- Digg this
- Reprints







Follow Reuters