US dollar slips as output seen to lower growth tone
February 14, 2014 6:46 am
The US dollar surged for its weekly slip against a basket of its major peers before data today might show the industrial production gains eased, while consumer sentiment diminished. The euro was close to a two-week peak before report today might reflect the region’s economy improved during the last quarter of 2013 for three consecutive periods. The yen weakened this week as an increment in Asian stocks petrified demand for haven assets.
The dollar was slightly changed at ¥102.25 as of 10:18 a.m. (Tokyo time), set for a 0.1% fall this week. It garnered $1.3681 per euro from yesterday’s $1.3681, when it reached $1.3692, the least since January 27. The greenback listed 0.3% lower at 90.04 cents versus its Australian peer and has dropped 0.5% this week. It was at 83.55 cents versus the New Zealand dollar, dropped to 0.7% since February 7.
Europe’s shared currency listed at ¥139.85, previously ¥139.77 in New York, and is set to accelerate 0.2% this week. The MSCI Asia Pacific Index of shares increased 0.5 % after a plunge yesterday that was the most in more than a week.
On the other hand, a winter storm in the US has halted flights and pulled down power to hundreds of thousands in the last three days. New York and Boston could easily regain a few more inches and accumulations in parts of Pennsylvania and central New England may touch almost 20 inches (or 51 centimeters), said AccuWeather Inc.
Citigroup Inc.’s US Economic Surprise Index, which reports whether data matched or fell short of economists’ postulations, sank yesterday to a 10-week low.
The material has been provided by InstaForex Company – www.instaforex.com
The US dollar surged for its weekly slip against a basket of its major peers before data today might show the industrial production gains eased, while consumer sentiment diminished. The euro was close to a two-week peak before report today might reflect the region’s economy improved during the last quarter of 2013 for three consecutive periods. The yen weakened this week as an increment in Asian stocks petrified demand for haven assets.
The dollar was slightly changed at ¥102.25 as of 10:18 a.m. (Tokyo time), set for a 0.1% fall this week. It garnered $1.3681 per euro from yesterday’s $1.3681, when it reached $1.3692, the least since January 27. The greenback listed 0.3% lower at 90.04 cents versus its Australian peer and has dropped 0.5% this week. It was at 83.55 cents versus the New Zealand dollar, dropped to 0.7% since February 7.
Europe’s shared currency listed at ¥139.85, previously ¥139.77 in New York, and is set to accelerate 0.2% this week. The MSCI Asia Pacific Index of shares increased 0.5 % after a plunge yesterday that was the most in more than a week.
On the other hand, a winter storm in the US has halted flights and pulled down power to hundreds of thousands in the last three days. New York and Boston could easily regain a few more inches and accumulations in parts of Pennsylvania and central New England may touch almost 20 inches (or 51 centimeters), said AccuWeather Inc.
Citigroup Inc.’s US Economic Surprise Index, which reports whether data matched or fell short of economists’ postulations, sank yesterday to a 10-week low.
The material has been provided by InstaForex Company – www.instaforex.com
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