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Monday, February 2, 2015

Dollar Snaps 3-Day Rally on Concern Growth May Slow; Euro Gains

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 4:37 PM No comments


The dollar fell for the first time in four days after a report showed manufacturing expanded at the slowest pace in a year, signaling the slowdown overseas is restraining U.S. growth.

The euro rose amid assurances from Greece™s leaders that the nation will abide by its financial obligations, easing concern it may lead the currency bloc back into turmoil. The Swiss franc fell after a news report said the central bank holds the exchange rate with the euro in an Å“unofficial corridor.

The Bloomberg Dollar Spot Index, a gauge of the currency™s performance against 10 major peers, fell 0.3 percent to 1,164.89 as of 12:06 0.m. New York time. It rallied 3.3 percent in January.

The euro gained 0.4 percent to $1.1345 and advanced 0.3 percent to 133.07 yen. The yen fell 0.2 percent to 117.29 per dollar.

Source : Bloomberg

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