Markets & Finance

Dollar Recovers from Losses Monday


MARKETSCOPE : The dollar rose early Tuesday, as it recovered from investors' profit-taking on Monday.

The dollar index edged up 0.13 to the 91.61 level.

The euro was off a bit at $1.1762, even though German October manufacturing orders rose 2.0% after jumping 2.9% in September. Swedish third quarter Gross Domestic Product rose 3.4%, stronger than expected.

The sterling was at $1.7324 after U.K. October industrial production fell 1.0% and manufacturing production fell 0.7%. Both data releases came out worse than market players had expected. Investors are speculating about whether the Bank of England will raise rates in the coming months.

The dollar was up at 121.16 yen after the Nikkei index fell 0.82% amid profit-taking. Markets showed little reaction to a report that the Japanese household spending survey rose 2.0% year on year, higher than the 1.2% expected.


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