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
- UPDATE 6-Islamic State issues video of beheading of U.S. hostage
- Apple says its systems not to blame for celebrity photo breach
- UPDATE 3-Apple says its systems not to blame for celebrity photo breach
- Ukraine steelmen hold their ground as frontline marches towards port
- UPDATE 1-Girl who fatally shot Arizona gun instructor said weapon was too powerful
The BSE Sensex on Tuesday breached the psychologically key level of 27,000 points for the first time to hit its third consecutive record high as blue-chips such as HDFC Bank gained after recent data raises hopes about the economy. Full Article
100 days of Modi: Good for business, not so good for marginalised groups. Full Article