U.S. dollar drops amid downbeat manufacturing data

0 Comment(s)Print E-mail Xinhua, March 16, 2019
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NEW YORK, March 15 (Xinhua) -- U.S. dollar decreased in late trading on Friday, amid concerns over a slowdown in U.S. economic growth.

Business activity grew only slightly in New York State, according to firms responding to the March 2019 Empire State Manufacturing Survey, a monthly survey of manufacturers in New York State conducted by the Federal Reserve Bank of New York.

The general business conditions index fell five points to 3.7, its third consecutive monthly reading below 10, suggesting that growth has remained quite a bit slower so far this year than it was for most of 2018, the bank said Friday.

In late New York trading, the euro rose to 1.1320 U.S. dollars from 1.1300 dollars in the previous session, and the British pound rose to 1.3285 dollars from 1.3236 dollars in the previous session. The Australian dollar increased to 0.7085 dollar from 0.7063 dollar.

The U.S. dollar bought 111.49 Japanese yen, lower than 111.74 Japanese yen of the previous session. The U.S. dollar decreased to 1.0022 Swiss francs from 1.0041 Swiss francs, and it was up to 1.3345 Canadian dollars from 1.3323 Canadian dollars. Enditem

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