Bloomberg News

Euro Stays Weaker Against Dollar, Yen After Euro-Area PMI Data

July 02, 2012

Euro Stays Weaker Against Dollar, Yen After Euro-Area PMI Data

The euro traded 0.3 percent weaker at $1.2631 as of 9:08 a.m. London time, and declined 0.5 percent to 100.58 yen. Photographer: Simon Dawson/Bloomberg

The euro stayed weaker against the dollar and the yen after a report confirmed an index of manufacturing in the euro-region contracted for an eleventh month in June.

The 17-nation shared currency traded 0.3 percent weaker at $1.2631 as of 9:08 a.m. London time, and declined 0.5 percent to 100.58 yen.

A gauge of euro-region manufacturing held at 45.1 in June, London-based Markit Economics said today in a final estimate. That compares with an initial estimate of 44.8 on June 21. A reading below 50 indicates contraction.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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