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Euro ticks higher after weak US data

Euro ticks higher after weak US data

The euro has edged higher following a pair of weaker-than-expected economic reports from the United States.
The euro bought $1.3151 in Wednesday morning European trading _ up from $1.3117 in New York late Tuesday. The British pound was up to $1.5408 from $1.5374 and the dollar slipped to 82.10 Japanese yen from 82.35 yen.
Tuesday saw unexpectedly weak reports on U.S. consumer confidence and the country's housing market.
However, the 16-nation European currency has been weighed down recently as Europe continues to struggle with its government debt crisis _ helping the dollar rise about 8 percent versus the euro since early November. The euro traded as low as $1.3085 early in Wednesday's session.


Updated : 2021-08-02 08:25 GMT+08:00