US dollar dampened by buoyant eurozone data
Sunday, 23 August 2009
NEW YORK, Aug 22 (AFP): The US dollar fell against the euro yesterday after fresh positive eurozone economic data and an upbeat global economic outlook from US Federal Reserve chief Ben Bernanke.
At 2100 GMT, the euro rose to 1.4328 dollars from 1.4251 dollars in New York Thursday, after hitting a high of 1.4376.
It also moved higher against the Japanese currency, at 135.21 yen from 134.23 the previous day.
The dollar rose slightly to 94.35 yen from 94.17 yen Thursday.
In late New York trading, the dollar declined to 1.0575 Swiss francs from 1.0627 a day earlier.
The pound slipped to 1.6501 dollars from 1.6506.
The euro "continues its stride higher (against the dollar) on excellent economic data but has come off of daily highs on better US data which translated into some dollar strength," said Kathy Lien, director of currency research at Global Forex Trading.
A surprisingly strong jump in US existing-home sales, to a two-year high, lifted equity markets.
At 2100 GMT, the euro rose to 1.4328 dollars from 1.4251 dollars in New York Thursday, after hitting a high of 1.4376.
It also moved higher against the Japanese currency, at 135.21 yen from 134.23 the previous day.
The dollar rose slightly to 94.35 yen from 94.17 yen Thursday.
In late New York trading, the dollar declined to 1.0575 Swiss francs from 1.0627 a day earlier.
The pound slipped to 1.6501 dollars from 1.6506.
The euro "continues its stride higher (against the dollar) on excellent economic data but has come off of daily highs on better US data which translated into some dollar strength," said Kathy Lien, director of currency research at Global Forex Trading.
A surprisingly strong jump in US existing-home sales, to a two-year high, lifted equity markets.