BLBG:Dollar Stays Weaker Versus Euro After German Manufacturing Beats Estimates
The dollar maintained losses against the euro after a gauge of German manufacturing growth for August exceeded economist estimates.
The greenback traded 0.5 percent weaker against the shared European currency at $1.4436 as of 8:36 a.m. in London.
A manufacturing purchasing managers’ index for Germany stayed at 52 in August, equaling the reading of the previous month, data from Markit Economics showed today. That was above the 50.6 median forecast of economists surveyed by Bloomberg News before the release of the data.
To contact the reporter on this story: Garth Theunissen in London at gtheunissen@bloomberg.net
To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net
