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 International Travel News.

More Information

null in null

Business

Section

Gold ETF inflows hit 5-year high as tariffs drive safe-haven bets

LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...

PwC: Copper shortages may disrupt 32 percent of chip output by 2035

AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...

U.S. stocks recover after Trump-tariffs-induced slump

NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...

Stocks slide as Trump unveils 25% tariffs on Japan, S. Korea

NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...

BRICS issues rebuke on trade and Iran, avoids direct US criticism

RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...

BP appoints ex-Shell finance chief Simon Henry to board

LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...

Travel and Tourism

Section