U.S. dollar edges up amid falling euro
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E-mail Xinhua, March 23, 2019
NEW YORK, March 22 (Xinhua) -- U.S. dollar increased in late trading on Friday, amid a tumbling euro due to fears over a slowdown in the European economy, triggered by grim German manufacturing data.
The Manufacturing Purchasing Managers' Index (PMI) for Germany's manufacturing sector fell to 44.7 points from 47.6 points in March, the steepest decline since August 2012, according to the preliminary PMI index published on Friday.
The results are based on the monthly survey of around 500 purchasing managers and managing directors of the German manufacturing industry, provided by the German Association for Supply Chain Management, Procurement and Logistics.
In late New York trading, the euro was down to 1.1293 dollars from 1.1353 dollars in the previous session, and the British pound rose to 1.3207 dollars from 1.3075 U.S. dollars in the previous session. The Australian dollar decreased to 0.7083 dollar from 0.7107 dollar.
The U.S. dollar bought 110.06 Japanese yen, lower than 110.77 Japanese yen of the previous session. The U.S. dollar increased to 0.9944 Swiss franc from 0.9937 Swiss franc, and it was up to 1.3413 Canadian dollars from 1.3376 Canadian dollars. Enditem
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