The euro declined from a five-week
high against the yen and fell versus the dollar as European
stocks dropped, damping demand for the region’s assets.
The yen strengthened against 13 of its 16 major
counterparts after a Chinese report showed export growth slowed
in September, spurring concern the global economy is cooling.
Australia’s dollar gained for a second day after a government
report showed the jobless rate fell.
The euro weakened 0.4 percent to 106.12 yen at 9:26 a.m.
London time, after rising to 107.05 yen yesterday, the highest
since Sept. 9. The shared currency fell 0.3 percent to $1.3755.
The yen rose 0.2 percent to 77.14 per dollar. The Australian
currency gained 0.1 percent to $1.017.
The Stoxx Europe 600 Index of shares fell 0.8 percent.
China’s customs bureau said exports climbed a less than
forecast 17.1 percent last month from a year earlier and the
trade surplus shrank.
From www.bloomberg.com
No comments:
Post a Comment