Wednesday, 6 January 2016

Euro falls to 1-month low versus dollar as global growth worries linger

The euro tumbled Tuesday to its weakest level against the dollar in a month as weak economic data from across the globe helped support the greenback ahead of Friday’s eagerly anticipated U.S. jobs report.

The European shared currency EURUSD, -0.0279%  fell to a low of $1.0719, its weakest level since Dec. 3, when it erased a month of losses after the European Central Bank delivered a package of stimulus measures that was less comprehensive than investors had hoped. It trimmed some of its losses to trade at $1.0746 late Tuesday in New York, compared with $1.0826 late Monday in New York.

The yen USDJPY, -0.31%  strengthened against the dollar, extending Monday’s gains, as investor appetite for currencies perceived haven currencies endured. The dollar fell to ¥119.03, down from ¥119.30 late Monday in New York.

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