Dollar extends losses versus yen after U.S. data
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
- Share this
- Digg this
U.S. President Barack Obama and Indian Prime Minister Narendra Modi on Tuesday plan to discuss issues ranging from manufacturing to sanitation as the two leaders aim to deepen ties. Story | Full Coverage
China final HSBC PMI steady in September on stronger global demand but risks remain Full Article