Dollar slips as upbeat euro zone business activity data lifts euro

Published by
Reuters UK

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar edged lower against the euro on Tuesday after data showed euro zone business activity made a surprise return to modest growth in January, while U.S. business activity shrank for a seventh straight month. While U.S. business activity shrank in January, the downturn moderated across both the manufacturing and services sectors for the first time since September and business confidence strengthened as the new year began. “It just looks like another piece of data showing what the Fed has been preaching: the economy is resilient enough to take on m…

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