HomeLatestU.S. dollar slips amid downbeat information

U.S. dollar slips amid downbeat information

NEW YORK, Aug. 23 (Xinhua) — The U.S. dollar weakened in late buying and selling on Tuesday, pushed by a slew of lackluster financial information.

The dollar index, which measures the dollar towards six main friends, decreased 0.39 p.c to 108.6240.

In late New York buying and selling, the euro was as much as 0.9963 U.S. {dollars} from 0.9935 {dollars} within the earlier session, and the British pound elevated to 1.1818 U.S. {dollars} from 1.1753 {dollars} within the earlier session. The Australian dollar was as much as 0.6922 U.S. {dollars} from 0.6872 {dollars}.

The U.S. dollar purchased 136.85 Japanese yen, decrease than 137.50 Japanese yen of the earlier session. The U.S. dollar elevated to 0.9647 Swiss franc from 0.9646 Swiss franc, and it was all the way down to 1.2964 Canadian {dollars} from 1.3051 Canadian {dollars}.

U.S. non-public sector companies signaled a pointy fall in enterprise exercise throughout August, in response to a “flash” survey launched Tuesday by S&P Global.

The headline flash U.S. PMI Composite Output Index registered 45 in August, down from 47.7 in July, and indicated a second successive month-to-month lower in whole enterprise exercise, confirmed the report. A studying above 50 signifies growth, whereas a studying under signifies contraction.