Dollar extends losses vs yen after U.S. services report

NEW YORK, July 3 Wed Jul 3, 2013 10:13am EDT

Related Topics

NEW YORK, July 3 (Reuters) - The dollar extended losses against the yen on Wednesday after a report showed the U.S. services sector in June grew at its slowest pace in more than three years.

The Institute for Supply Management said its services index fell to 52.2 last month from 53.7 in May, short of economists' forecasts for a gain to 54. While a reading above 50 indicates expansion in the sector, June's decline brought growth to its lowest level since February 2010.

The dollar fell further against the yen to 99.54 yen, down 1.1 percent, from 99.70 just before. The euro also gained slightly to trade little changed at $1.2982 from $1.2969 before the data's release.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.