U.S. dollar falls amid weak data

0 Comment(s)Print E-mail Xinhua, December 3, 2019
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NEW YORK, Dec. 2 (Xinhua) -- The U.S. dollar weakened against its major rivals in late trading on Monday, pressured by downbeat U.S. manufacturing data.

U.S. manufacturing sector continued to lag last month amid weak inventories and new orders data, showed a report released Monday by the Institute for Supply Management.

According to the report, U.S. manufacturing purchasing managers' index fell to 48.1 percent in November from the October reading of 48.3 percent.

Economists surveyed by MarketWatch had forecast the index would register a reading of 49.2 percent. A reading below 50 percent represents contraction.

The dollar index, which measures the greenback against six major peers, was down 0.42 percent at 97.8602 in late trading.

In late New York trading, the euro rose to 1.1076 dollars from 1.1017 dollars in the previous session, and the British pound rose to 1.2942 dollars from 1.2933 U.S. dollars in the previous session. The Australian dollar increased to 0.6820 dollar from 0.6764 dollar.

The U.S. dollar bought 108.96 Japanese yen, lower than 109.46 Japanese yen of the previous session. The U.S. dollar decreased to 0.9914 Swiss franc from 0.9999 Swiss franc, and it increased to 1.3297 Canadian dollars from 1.3273 Canadian dollars. Enditem

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