US dollar gains as European economic data disappoint

The dollar gained Tuesday against the euro amid weak economic data from Europe.

At 22H00 GMT, the euro was valued at $1.3079 after trading at $1.3115 at the same time Monday.

The dollar was lower Tuesday against the yen, dropping to 86.97 yen as opposed to 87.89 yen Monday.

The drop in the euro came as euro-area unemployment reached a new record-high of 11.8 percent in November, said DailyFX currency analyst David Song.

Retail spending grew by 0.1 percent in November, below the 0.3 percent projected, Song said.

The weak data from Europe revived speculation that an upcoming European Central Bank meeting Thursday could result in more stimulus, further weakening the currency.

"Although the ECB is widely expected to keep the benchmark interest rate at 0.75 percent in January, central bank President Mario Draghi may show a greater willingness to provide additional monetary stimulus," Song said.

The British pound fell to $1.6053 from Monday's level of $1.6114.

The dollar gained against the Swiss franc, rising to 0.9241 compared with Monday's level of 0.9212.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2503-0.0028-0.22%
    USDSGD=X
    1.7300-0.0011-0.06%
    EURSGD=X
    2.1012+0.0052+0.25%
    GBPSGD=X
    81.7564+0.46+0.57%
    SGDJPY=X
    6.2016+0.0143+0.23%
    SGDHKD=X
    2.5930+0.0043+0.17%
    SGDMYR=X
    9,164.2012+39.1914+0.43%
    SGDIDR=X
    4.9776+0.0129+0.26%
    SGDCNY=X
    1.1713-0.0017-0.15%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,303.30+3.00+0.23%
    GCM14.CMX
    19.62+0.14+0.70%
    SIK14.CMX
    91.87
    ^XAU
    3.05+0.06+2.06%
    HGK14.CMX
    104.76+1.01+0.97%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.62
    ^FVX
    2.64
    ^TNX
    3.48
    ^TYX

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  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.117-0.006-4.88%
    B22.SI
    1.275+0.020+1.59%
    N21.SI
    2.190.0000.00%
    JS8.SI
    0.605+0.015+2.54%
    E5H.SI
    0.97+0.060+6.59%
    B20.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.445+0.055+14.10%
    5UL.SI
    0.20+0.020+11.11%
    567.SI
    0.174+0.013+8.07%
    540.SI
    0.67+0.050+8.06%
    5VT.SI
    0.425+0.030+7.59%
    5FD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.096-0.011-10.28%
    S13.SI
    0.315-0.025-7.35%
    O08.SI
    0.139-0.010-6.71%
    5GB.SI
    0.30-0.020-6.25%
    502.SI
    0.132-0.008-5.71%
    5BM.SI