Thursday, 24 December 2015

Dollar ekes out gain against euro after weak eurozone data

The dollar rose against the euro Wednesday in holiday-thinned trading after a weak reading on French economic growth.

The ICE Dollar index DXY, -0.21% a closely watched gauge of dollar strength against rival currencies, rose 0.1% to 98.3110.

The euro EURUSD, +0.2108%   lost some ground against the buck, trading at $1.0910 late Wednesday in New York, down from $1.0951 late Tuesday in New York.

Third-quarter gross domestic product in France was revised down to 1.1% year-over-year, according to FactSet, down from 1.2% previously, which contributed to the euro’s decline early in the session.

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