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Euro Rally vs Dollar Slump

Today the euro rose against the dollar and the yen region’s services output increased more than initially estimated. Dollar fell from almost a seven-week high. Bloomberg survey shows U.S. gross domestic product grew at a 2 percent annualized rate in the third quarter, down from 2.5 percent in the previous three months. The Canadian dollar strengthened for the first time in three days amid a rally in commodities including crude oil, the nation’s biggest export. India’s rupee fell the most in two months, rising Fed tapering concern. Now investors awaited data this week on jobs and economic growth for clues on when the Federal Reserve will cut stimulus.