NEW YORK, May 1 (Xinhua) — The U.S. dollar posted strong positive factors in late buying and selling on Monday because the U.S. Institute for Supply Management (ISM) reported a better-than-expected manufacturing index for April.
The dollar index, which measures the buck in opposition to six main friends, was up 0.49 p.c at 102.1527 in late buying and selling.
In late New York buying and selling, the euro was right down to 1.0969 {dollars} from 1.1017 {dollars} within the earlier session, and the British pound decreased to 1.2487 {dollars} from 1.2563 U.S. {dollars} within the earlier session.
The U.S. dollar purchased 137.4590 Japanese yen, larger than 136.24 Japanese yen of the earlier session. The U.S. dollar elevated to 0.8962 Swiss francs from 0.8938 Swiss francs, and it elevated to 1.3540 Canadian {dollars} from 1.3537 Canadian {dollars}. The U.S. dollar was as much as 10.3359 Swedish Krona from 10.2638 Swedish Krona.
U.S. manufacturing buying managers’ index (PMI) improved to 47.1 in April from 46.3 in March, beating market forecast consensus of 46.8, in response to a launch by ISM on Monday.
The U.S. dollar index gained floor as merchants reacted to the better-than-expected ISM manufacturing PMI report, famous Vladimir Zernov, analyst with market info provider FX Empire.
The yield of 10-year U.S. Treasury bonds jumped 14.99 foundation factors on Monday, lending assist to the U.S. dollar.
Moreover, the Federal Reserve is anticipated to hike the benchmark rate of interest by 25 foundation factors on Wednesday as merchants look ahead to clues on subsequent transfer.