Friday, 2 September 2016

Dollar falls after the flop of US manufacturing activity


Dollar falls after the flop of the activity of the American manufacturingThe dollar fell against a basket of currencies on Thursday after manufacturing activity fell in the United States unexpectedly in August, which cast doubt on the durability of the largest economy in the world's growth.
The Institute for Supply Management said its index of US factory activity fell 3.2 percentage points to a reading of 49.4 last month. That is the first contraction of activity since February.
And stopped it with the rise of the dollar as investors await jobs data on Friday for clues on the timing of the next increase in US interest rates.
Dollar Index - which measures the US currency's performance against a basket of six major currencies - fell by 0.38 percent to 95.656 in late trading, the US market, after rising earlier to 96.239.

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