The dollar lost a little ground Wednesday, hurt by weaker-than-expected readings on the U.S. economy.
The ICE dollar index DXY, +0.03% which tracks the buck against its major rivals, fell nearly 0.2%.
The greenback slipped against the yen, trading at ¥119.69 from ¥120.14 late Tuesday in New York, after going on a roller-coaster ride against the Japanese currency earlier Wednesday. The dollar fell to as low as ¥119.42 after a lackluster reading from the Bank of Japan’s corporate-sentiment survey prompted haven buying of the yen. This was also cited as one of the reasons U.S. stock futures plunged during Asian trading hours.
In U.K. economic news, manufacturing activity rose in March, but it wasn’t enough to send the pound higher. Sterling GBPUSD, +0.07% exchanged hands at $1.4819, roughly were it was late Tuesday.
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The ICE dollar index DXY, +0.03% which tracks the buck against its major rivals, fell nearly 0.2%.
The greenback slipped against the yen, trading at ¥119.69 from ¥120.14 late Tuesday in New York, after going on a roller-coaster ride against the Japanese currency earlier Wednesday. The dollar fell to as low as ¥119.42 after a lackluster reading from the Bank of Japan’s corporate-sentiment survey prompted haven buying of the yen. This was also cited as one of the reasons U.S. stock futures plunged during Asian trading hours.
In U.K. economic news, manufacturing activity rose in March, but it wasn’t enough to send the pound higher. Sterling GBPUSD, +0.07% exchanged hands at $1.4819, roughly were it was late Tuesday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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