Euro drifts down against positive US data

The euro drifted down today ahead of new data that is expected to show the US economy is growing faster than previously estimated…

The euro drifted down today ahead of new data that is expected to show the US economy is growing faster than previously estimated.

Gold eased back after racing to a three-month peak above $370 an ounce and catapulting silver and platinum to new highs. Oil prices rose in a technical correction after ending sharply lower in New York.

The euro fell despite data suggesting European economies that had been in recession may be recovering. Opinion polls published today showed Swedes opposed to joining the euro had pulled further ahead of supporters before next month's referendum.

Japanese stocks closed lower today as investors locked in profits on steel and heavy machinery issues ahead of industrial production data tomorrow.

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The Nikkei average fell 0.81 per cent to 10,225.22; the broader TOPIX index dropped 0.72 per cent to 993.51.