Dhaka, Bangladesh (BBN)-The euro extended losses, falling from a three-week high versus the dollar, after worse-than-expected German growth data sparked concerns about a slowdown and added to pressure on policymakers to act fast to address the region’s debt problems.
The euro was last down 0.4 percent versus the dollar, according to a market report.
The dollar fell 0.5 percent against the Swiss franc but remained well above a record low hit last week on trading platform EBS, the report added.
The dollar held steady against the yen having dropped back to levels seen before Japan’s record yen-selling intervention on Aug. 4, and hovering near a record low hit in March
In Dhaka, the inter-bank USD/BDT rates were slightly lower on Tuesday while liquidity was sufficient.
The US dollar was quoted at BDT 74.62-BDT 74.70 in the inter-bank foreign exchange on the day against BDT 74.73-BDT 74.74 of the previous working day, market operators said.
BBN/SSR/AD-14Agu11-5:27 pm (BST)