Euro gains versus U.S. Dollar before business confidence data

Source: Reuters
The 18-nation bloc currency traded slightly higher earlier on Tuesday trading session before a private think-tanks Ifo based in Munich showed results from its survey measuring business confidence in the Eurozone and after a government reported that manufacturing PMI in the U.S. declined last month. The Euro was last seen at $1.3835, up from Monday's $1.3760.

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Tue, 25 Mar 2014 09:52:03 GMT

Brazil rating lowered to BBB-: S&P

Brazil credit rating was downgraded by the rating agency Standard & Poor's citing weakened growth and fiscal slippage in the following years, a report released by the agency showed on Tuesday. According to the report, the country's long-term rating was lowered from ‘BBB' to ‘BBB-‘, the lowest so-called investment grade, while the outlook stayed ‘stable'.

Tue, 25 Mar 2014 09:29:03 GMT

U.S. Dollar slips after manufacturing PMI

The U.S. Dollar opened steady earlier on Tuesday session and traded near its close to the strongest level in three weeks against the basket of currencies included in the U.S. Dollar index after a government data showed that manufacturing PMI fell in February. The U.S. Dollar Index was last seen at 79.952, down from Monday's level of 80.290.

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