The
euro slumped to a two-year low versus the dollar as mounting signs of
weakness in the regions economy amplify calls for the European Central
Bank to ease further when it meets tomorrow.
The
dollar touched a seven-year high against the yen as a private report
showed U.S. employers added at least 200,000 for the seventh time in
eight months. The greenback reached a four-year high versus the Aussie
as Goldman Sachs Group Inc. joined Deutsche Bank AG in predicting an
interest-rate cut after Australian growth missed forecasts. Russias
ruble bounced from a record low amid speculation the central bank
intervened to support the currency.
The
euro tumbled 0.6 percent to $1.2309 as of 10:01 a.m. New York time,
touching the weakest level since August 2012. The dollar rose 0.4
percent to 119.72 yen after reaching 119.75, the highest since August
2007. The euro weakened 0.2 percent to 147.34 yen.
Source : Bloomberg
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