The dollar dropped 0.7 percent to 112.37 yen, slipping further from its highs near 114.40 yen touched last week.
The
dollar's index against a basket of six major currencies dropped to
97.93, giving up all of the gains made after Trump's election victory in
November.
Other traditional safe-haven assets were also well bid. The Swiss franc gained 0.3 percent against the dollar to 0.9828 franc per dollar. The gold rose 0.6 percent to $1,243.4 per ounce.
The euro hit a six-month high of $1.1117, as it also drew support from solid economic data in the euro zone.
The euro zone's GDP grew 0.5 percent in January-March, in line with expectations, and underscoring a recovery in the currency bloc.
On the other hand, U.S. economic data published on Tuesday was mixed, raising more doubts about some rosy views on the economy.
While U.S. manufacturing production recorded its biggest increase in more than three years in April, housing starts posted a surprise fall to five-month lows.
The data came after Friday's softer-than-expected retail sales and inflation. The 10-year U.S. Treasuries yield dipped to 2.294 percent, flirting with its lowest level in two weeks.
Oil prices dropped after data showed an increase in U.S. crude inventories, stoking concerns that markets remain oversupplied despite efforts by top producers Saudi Arabia and Russia to extend output cuts.
Brent crude futures were at $51.28 per barrel, down 36 cents, or 0.7 percent, from their last close.
Other traditional safe-haven assets were also well bid. The Swiss franc gained 0.3 percent against the dollar to 0.9828 franc per dollar. The gold rose 0.6 percent to $1,243.4 per ounce.
The euro hit a six-month high of $1.1117, as it also drew support from solid economic data in the euro zone.
The euro zone's GDP grew 0.5 percent in January-March, in line with expectations, and underscoring a recovery in the currency bloc.
On the other hand, U.S. economic data published on Tuesday was mixed, raising more doubts about some rosy views on the economy.
While U.S. manufacturing production recorded its biggest increase in more than three years in April, housing starts posted a surprise fall to five-month lows.
The data came after Friday's softer-than-expected retail sales and inflation. The 10-year U.S. Treasuries yield dipped to 2.294 percent, flirting with its lowest level in two weeks.
Oil prices dropped after data showed an increase in U.S. crude inventories, stoking concerns that markets remain oversupplied despite efforts by top producers Saudi Arabia and Russia to extend output cuts.
Brent crude futures were at $51.28 per barrel, down 36 cents, or 0.7 percent, from their last close.
No comments:
Post a Comment