Major currencies barely budged on Monday, as risk averse traders stayed with the dollar after gloomy factory data from the world’s largest economies. The dollar was steady at $1.3790 versus the euro, inching away from a 2 1/2-year low of $1.40 set early last week. The buck was stuck at $1.649 versus the sterling and
The Australian dollar fell against other major currencies in early Asian deals on Monday, as China’s manufacturing PMI contracted more-than-expected in March. The latest flash PMI from HSBC and Markit Economics revealed that China’s manufacturing PMI came in with a seasonally adjusted score of 48.1. That’s down from 48.5 in February, and it was well
The dollar was steady on Monday, holding near 2 1/2-year lows against the euro after the White House stepped up sanctions on top Russian officials in the wake of Crimea’s vote to leave Ukraine. “The international community will continue to stand together to oppose any violations of Ukrainian sovereignty and territorial integrity,” Obama said in
The dollar remained under pressure versus European rivals and turned lower against the yen on Friday, as traders turned to the Japanese currency as a safe haven. Anxiety over the Ukraine-Russia crisis and slumping equities has driven skittish investors into gold and the yen this week. Traders paid little attention to some U.S. economic data,
The dollar saw almost no movement versus major rivals amid a lack of first-tier U.S. economic news on Monday. Disappointing economic news out of China overnight gave the safe haven dollar some support, but without a catalyst like last week’s better-than-expected U.S. jobs report, the dollar held near its lowest in more than two years
