The dollar held declines against the euro and the yen after weak manufacturing data stoked speculation the U.S. will push back the timing for higher interest rates. Oil was near a 2015 high and Asian stock futures were mixed.

The greenback was steady at $1.0677 per euro by 8:27 a.m. in Tokyo, and traded near a two-week low versus Japan’s currency. U.S. oil dropped 0.6 percent to $56.06 a barrel after surging 5.8 percent Wednesday. Copper futures added 0.3 percent. Futures on Australian and South Korean equity indexes signaled gains, while contracts on Chinese shares dropped in most recent trading. Netflix Inc. surged in extended U.S. trading.

U.S. industrial output slipped more than economists projected in March, with the Federal Reserve examining economic data to determine the best time to raise benchmark borrowing costs. Europe’s stock gauge returned to a record high after European Central Bank President Mario Draghi said asset purchases were helping the recovery and the program must be implemented in full. Australia reports employment data Thursday.

Source: Bloomberg