Hi, we've made some changes

FX round-up: Dollar slumps against euro

News for Spread Betters

PreviousPrevious
NextNext

There's a new Investor Edition of CMC Markets' spread betting platform... and it's exclusive to DigitalLook.com users...

Get full details about Marketmaker:Investor Edition here. Advertisement

Date: Wednesday 27 Feb 2008

LONDON (ShareCast) - The US dollar hit record lows against the euro on Tuesday on a raft of weak economic data.

The Conference Board showed consumer confidence sank to its lowest in 14 years during February. Its sentiment index slumped to 75 from 87.3 the month before.

A stronger than expected 1% rise in the Producer Price Index in January raised inflation and rate cut fears, while another report revealed a bigger than expected 9.1% annual drop in US house prices in December.

Sterling and the euro benefited from data that showed a surprise jump in German business confidence.

The Ifo research institute said this morning that its business climate index increased to 104.1 in February from 103.

Digital Look have been voted
"Best Research and Information Provider"

4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).