US$ eases as survey bolsters safe-haven yen

London

THE dollar was flat to lower against the euro and yen on Wednesday as a soft Japanese business survey dented Tokyo shares but helped bolster the safe-haven yen, while another improved batch of European data helped the euro.

Slightly improved final readings of last month's purchasing manager surveys in France and Germany, and healthy figures in Italy and Spain, provided more signs that eurozone manufacturing is recovering from a low base.