US dollar, sterling weaken; euro strengthens

At mid-afternoon in New York the US dollar remained weaker in relation to the euro and the yen after new consumer confidence data was worse than had been anticipated. The US currency was 0.1 percent lower to ¥117.91 against the yen, while it dropped 0.2 percent to $1.2252 versus the euro.

The euro was helped by the Ifo survey of business sentiment in Germany, which was up to 107.7 in March. While the shared currency was unmoved in relation to the yen, standing at ¥157.48 after the Bank of Japan’s governor made comments that helped the Japanese currency, the euro added 0.3 percent to £0.6792 versus sterling.

Sterling fell versus the US dollar, dropping 0.2 percent to $1.9662 against the greenback When the bank of England’s governor told the government that growth in the UK housing market is beginning to slow down.

The Canadian dollar gained ground in relation to the greenback adding 0.3 percent against the US dollar, to $1.1583. The New Zealand dollar was also higher versus the US dollar, adding 0.2 percent to $0.7178.

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