Financial Times FT.com

Slowing business activity hurts greenback

By Neil Dennis in London and Raphael Minder in Sydney

Published: November 30 2006 11:52 | Last updated: December 1 2006 08:43

The dollar endured more sharp falls, undermined by slowing US business activity.

The euro surged against the US currency to $1.3247 after data from the Chicago purchasing managers showed business activity in the region unexpectedly contracted in November.

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