Dollar Near One-Month Low Versus Euro; Aussie, Yen Drop on China

The dollar traded 0.3 percent from a one-month low versus the euro as weaker U.S. economic indicators bolstered the argument for the Federal Reserve to delay a reduction to its bond-buying program.

The euro was supported before data predicted to show services and factory output in the region contracted at the slowest pace in more than a year. Currencies of Asia-Pacific nations including the Australian dollar and yen dropped versus the greenback after a private report showed China’s manufacturing shrank at a faster pace. The Indonesian rupiah slumped to a four-year low.