NEW YORK, March 3 (Xinhua) — The U.S. dollar weakened in late buying and selling on Friday, following the discharge of the February U.S. companies report.
The dollar index, which measures the dollar in opposition to six main friends, fell 0.48 p.c to 104.5242.
In late New York buying and selling, the euro was as much as 1.0634 U.S. {dollars} from 1.0591 {dollars} within the earlier session, and the British pound rose to 1.2045 U.S. {dollars} from 1.1943 {dollars} within the earlier session.
The U.S. dollar purchased 135.80 Japanese yen, decrease than 136.78 Japanese yen of the earlier session. The U.S. dollar fell to 0.9360 Swiss francs from 0.9420 Swiss francs, and it decreased to 1.3589 Canadian {dollars} from 1.3600 Canadian {dollars}. The U.S. dollar decreased to 10.4588 Swedish Kronor from 10.5117 Swedish Kronor.
The Institute for Supply Management reported Friday that U.S. companies PMI (Purchasing Managers’ Index) edged all the way down to 55.1 p.c in February from 55.2 p.c within the prior month.
Economists polled by The Wall Street Journal had anticipated the index to drop to 54 p.c. Numbers above 50 p.c sign enlargement within the sector, whereas numbers beneath point out contraction.