US dollar weaker on European data
May 2, 2006
The US dollar was down on Tuesday after new economic data from the UK and the Eurozone provided boosts for the currencies of those nations.
The greenback was down 0.6 percent to $1.2647 versus the euro, lost 0.8 percent to $1.84 in relation to sterling, and dropped 0.2 percent to ¥113.22 versus the yen. The US currency also lost 0.6 percent to C$1.1073 against the Canadian dollar, which was helped by the possibility of future interest rate hikes and rising prices for gold and crude oil.
Elsewhere in the world, the Australian dollar gained 0.6 percent to $0.7626 versus the US dollar and the South Korean won added 0.2 percent against the greenback to Won939.60, an eight-year high.
Comments
Got something to say?
Advertisement
