Tuesday, April 3, 2012

Dollar, euro slip as eurozone worries rekindled

The dollar eased in Asian trade on Tuesday while the euro was under pressure against the yen as weak eurozone manufacturing data raised concerns about the state of the bloc's economy.

The greenback slipped to 81.95 yen in Asian trade, compared with 82.28 yen in New York Monday.

The European single currency held steady against the dollar at $1.3342, it slipped to 109.36 yen after changing hands near the 111.00 yen level on Monday.

Traders sought the safety of the Japanese currency after weak eurozone manufacturing and unemployment figures underscoring the debt-riddled region's economic troubles, analysts said.

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