“The dollar rose for the first time in three days versus the euro as investors sought the safety of the U.S. currency after manufacturing data from Norway and Sweden added to speculation Europe’s debt crisis is slowing growth.
The U.S. currency gained against all except two of its 16 major counterparts as economists said as American report today will show manufacturing growth slowed in October. The yen fell before the Bank of Japan releases minutes tomorrow of its October meeting amid speculation the central bank will ease monetary policy. The impact of Hurricane Sandy on U.S. gross domestic product is still being assessed with some estimates that the storm caused as much as $50 billion of damage.”
If you enjoy the content at iBankCoin, please follow us on Twitter
