U.S. dollar weakens amid downbeat data
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E-mail Xinhua, February 13, 2019
NEW YORK, Feb. 12 (Xinhua) -- U.S. dollar declined on Tuesday amid a slew of downbeat data.
U.S. small business optimism index slipped 3.2 points in January as owners expressed rising concern about future economic growth, according to a report released Tuesday by the National Federation of Independent Business (NFIB).
The 101.2 reading, the lowest since the weeks leading up to the 2016 elections, indicates uncertainty among small business owners due to the record-long government shutdown and financial market instability, said the report.
Meanwhile, the NFIB uncertainty index rose seven points to 86, the fifth highest reading in the survey's 45-year history.
The dollar index, which measures the greenback against six major peers, fell 0.36 percent at 96.7121 in late trading.
In late New York trading, the euro was up to 1.1331 dollars from 1.1275 dollars in the previous session, and the British pound rose to 1.2897 dollars from 1.2860 U.S. dollars in the previous session. The Australian dollar was up to 0.7098 dollar from 0.7062 dollar.
The U.S. dollar bought 110.50 Japanese yen, higher than 110.40 Japanese yen of the previous session. The U.S. dollar was up to 1.0062 Swiss franc from 1.0040 Swiss franc, and it was down to 1.3241 Canadian dollars from 1.3298 Canadian dollars. Enditem
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