SINGAPORE : The dollar was firm on Wednesday as stronger-than-expected U.S. economic data and hawkish Federal Reserve comments pointed to higher interest rates, while rate-hike bets in Europe also have the common currency clinging on above parity.
The euro rose 0.16 per cent to $1.0003 in early Asia trade, which if sustained would make for a third session of gains in a row. Eurozone inflation data is due at 0900 GMT. Another month of manufacturing contraction is expected for August, with a reading of 49.2 forecast, marginally higher than the 49.0 reading in July.
Source: Loan Digest (loandigest.net)
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