The
dollar held near an almost two-year low against the euro before U.S data that
may add to the case for the Federal Reserve to maintain stimulus for longer.
The
Bloomberg U.S. Dollar Index dropped to the weakest in eight months yesterday
after a Labor Department report showed employers added fewer jobs than
economists estimated. The Aussie dollar rose to a four-month high after data
released in Sydney showed that inflation quickened in the third quarter. The
euro held near the strongest since 2009 versus the yen before data today that
may show the trading bloc’s consumer confidence rose to the highest since July
2011.
The
dollar was unchanged at $1.3781 per euro as of 10:12 a.m. in Tokyo from
yesterday, when it touched $1.3792, the weakest level since November 2011. The
greenback slid 0.1 percent to 98.07 yen. The euro fetched 135.15 yen from
135.25 yesterday, when it reached 135.51, the highest since November 2009.
Bloomberg’s
U.S. Dollar Index, which tracks the greenback against 10 major currencies, was
at 999.01 from 999.46 yesterday, the lowest close since Feb. 13.
The
MSCI Asia Pacific Index of stocks rose 0.3 percent, following a 0.7 percent
climb in the MSCI World Index yesterday.
(Source: Bloomberg)
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