The
dollar strengthened before a U.S. report that analysts say will show
manufacturing expanded at the fastest pace this year, highlighting the
economic differences in the nation and the euro area.The euro was near its lowest level in three months versus the greenback before data tomorrow predicted to cement the mix of slow inflation and near-record unemployment that may spur the European Central Bank to act. The yen declined amid speculation Japanese pension funds will increase foreign asset purchases, weakening the local currency. Australia��s dollar dropped as house prices and building permits slid.
The dollar rose 0.3 percent to 102.04 yen as of 1:36 p.m. in Tokyo. It traded at $1.3629 per euro from $1.3635 on May 30 after touching $1.3586 the previous day, the strongest since Feb. 13. The euro rose 0.2 percent to 139.06 yen following a 2.1 percent slide in May.
In the U.S., the Institute for Supply Management��s manufacturing index rose to 55.5 in May, the strongest so far this year, from 54.9 the previous month, economists forecast in a Bloomberg survey before today��s figures.
The Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10 major counterparts, rose 0.1 percent to 1,011.85, set for the first advance in three days.
Source : Bloomberg
0 komentar :
Post a Comment