Market News
Euro hits almost seven-week high, dollar broadly lower - reuters
Summary
- Euro zone business activity expands at fastest pace in 2.5 years
- Optimism over potential end to Russia/Ukraine war boosts European currencies
- US private payrolls unexpectedly decline, dollar weakens on Fed Chair speculation
NEW YORK, Dec 3 (Reuters) - The euro hit an almost seven-week high against the dollar on Wednesday, boosted by data showing an expansion in euro zone business activity, while weaker than expected U.S. jobs data and expectations of further U.S. rate cuts weighed on the dollar.
Business activity in the euro zone expanded at its fastest pace in two-and-a-half years in November as a robust service sector more than offset manufacturing weakn
