U.S. dollar slips amid disappointing data

Xinhua
04 May 2021, 01:35 GMT+10

NEW YORK, May 3 (Xinhua) -- The U.S. dollar moved lower in late trading on Monday after data showed the April U.S. manufacturing index missed expectations.

The dollar index, which measures the greenback against six major peers, slipped 0.37 percent at 90.9487.

In late New York trading, the euro rose to 1.2066 U.S. dollars from 1.2022 dollars in the previous session, and the British pound was up to 1.3913 dollars from 1.3807 U.S. dollars in the previous session. The Australian dollar was up to 0.7765 U.S. dollar from 0.7704 dollar.

The U.S. dollar bought 109.10 Japanese yen, lower than 109.30 Japanese yen of the previous session. The U.S. dollar decreased to 0.9110 Swiss franc from 0.9134 Swiss franc, and it fell to 1.2274 Canadian dollars from 1.2281 Canadian dollars.

On the economic front, the U.S. Manufacturing PMI (Purchasing Managers' Index) dropped to 60.7 percent in April from 64.7 percent in March, the Institute for Supply Management (ISM) reported on Monday. A reading above 50 percent indicates that the manufacturing economy is generally expanding, while a reading below 50 percent indicates that it is generally contracting.

The April reading fell short of Wall Street estimates. Economists surveyed by Dow Jones and The Wall Street Journal had forecast the ISM index to edge up to 65 percent.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Manufacturing Mirror.

More Information

null in null

Small Business

Section

Bihar: Governor visits family of slain businessman Gopal Khemka, calls for law and order agencies to be made more "proactive"

Patna (Bihar) [India], July 6 (ANI): Bihar Governor Arif Mohammed Khan visited the residence of businessman Gopal Khemka, who was shot...

Musk announces creation of new party

The billionaire has vowed to give freedom back to the people and accused the US elites of bankrupting the nation ...

"Extortion, murder, and incidents of loot are common in Bihar every day": Prashant Kishor

Patna (Bihar) [India], July 5 (ANI): Jan Suraaj Party founder Prashant Kishor on Saturday raised concerns over the rising crime incidents...

"Saddened; accused should be caught and not spared": BJP's Ravishankar Prasad on Patna businessman murder

Patna (Bihar) [India], July 5 (ANI): BJP leader Ravishankar Prasad on Saturday said he was 'saddened' over the murder of businessman...

Bihar: Tejashwi Yadav meets family of businessman murdered in Patna, calls incident "Horrible"

Patna (Bihar) [India], July 5 (ANI): Rashtriya Janata Dal (RJD) leader Tejashwi Yadav on Saturday met the family of businessman Gopal...

"Criminals used to get protection, now they are punished": Nityanand Rai hits back over opposition criticism of law and order situation in Bihar

Patna (Bihar) [India], July 5 (ANI): Union Minister of State for Home Affairs Nityanand Rai has hit back at opposition parties in Bihar...

Automotive

Section