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2014.08.0704:29:53UTC+00US dollar advances on Ukraine news

The US dollar accelerated against the euro as Germany posted soft factory orders and Italy was back in recession, as well as concerns on the escalating Russia-Ukraine conflict.

Against the euro, the currency traded at 1.3381, up 0.04%.

Italy’s economy declined on the 2nd quarter, making it back to recession. The country’s gross domestic product constricted by 0.2%.

In another news, German factory orders dropped 3.2% in July.

The dollar traded at ¥102.54, 0.9075 Swiss franc, and £1.6849, respectively. 

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