The
dollar held declines against the euro and the yen after weak
manufacturing data stoked speculation the U.S. will push back the timing
for higher interest rates. Oil was near a 2015 high and Asian stock
futures were mixed.
The
greenback was steady at $1.0677 per euro by 8:27 a.m. in Tokyo, and
traded near a two-week low versus Japan’s currency. U.S. oil dropped 0.6
percent to $56.06 a barrel after surging 5.8 percent Wednesday. Copper
futures added 0.3 percent. Futures on Australian and South Korean equity
indexes signaled gains, while contracts on Chinese shares dropped in
most recent trading. Netflix Inc. surged in extended U.S. trading.
U.S.
industrial output slipped more than economists projected in March, with
the Federal Reserve examining economic data to determine the best time
to raise benchmark borrowing costs. Europe’s stock gauge returned to a
record high after European Central Bank President Mario Draghi said
asset purchases were helping the recovery and the program must be
implemented in full. Australia reports employment data Thursday.
Source: Bloomberg
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