Economic Calendar

Friday, July 24, 2009

Euro Gains on Speculation Contraction in Manufacturing Slowed

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By Yasuhiko Seki

July 24 (Bloomberg) -- The euro rose for the first time in four days against the dollar on speculation a European report today will show the contraction in the region’s manufacturing and services slowed.

The euro climbed to $1.4176 as of 6:44 a.m. in London from $1.4143 yesterday in New York. The 16-nation currency traded at 134.43 yen from 134.30 yen. The yen was at 94.80 versus the dollar from 94.92.

To contact the reporters on this story: Yasuhiko Seki in Tokyo at yseki5@bloomberg.net.




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