US dollar rises from 9-week lows amid mixed data

GMT 04:35 2015 Saturday ,02 May

Arab Today, arab today US dollar rises from 9-week lows amid mixed data

US dollar bounced back from 9-week lows
New York - XINHUA

The US dollar bounced back from nine-week lows on Friday amid mixed economic data from the country.

Institute for Supply Management (ISM) reported on Friday that manufacturing activity stayed unchanged in April, with ISM's manufacturing index registering 51.5, the same as the previous month, missing market consensus of 52.0.

Meanwhile, a separate report released by financial data firm Markit on Friday showed its flash reading of Purchasing Managers Index for the manufacturing sector slipped to 54.1 in April from a final reading of 55.7 in March.

The University of Michigan's consumer sentiment survey showed a final reading of 95.9, up from March's 93.0. Meanwhile, construction spending data for March released by the Commerce Department showed a decline of 0.6 percent.

The dollar index, which measures the greenback against six major peers, was up 0.78 percent at 95.342 in late trading.

In late New York trading, the euro dropped to 1.1192 dollars from 1.1253 dollars in the previous session, and the British pound decreased to 1.5133 dollars from 1.5352 dollars in the previous session. The Australian dollar went down to 0.7824 dollars from 0. 7916 dollars.

The U.S. dollar bought 120.28 Japanese yen, higher than 119.34 yen of the previous session. The U.S. dollar rose to 0.9343 Swiss francs from 0.9322 Swiss francs, and it climbed to 1.2170 Canadian dollars from 1.2090 Canadian dollars.


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