US$ steadies, A$ dented by China survey

London

SLIGHTLY higher US Treasury yields and solidifying expectations of a rise in interest rates this month helped the dollar recover some ground on Thursday after its weakest run in more than a year.

The dollar index has had its poorest fortnight since March of last year due to an improvement in eurozone economic data at a time when US equivalents have looked shaky and belief is evaporating in a boost from public spending to growth.