Wed, 29 Sep 2021

U.S. dollar rises amid economic data

Xinhua
24 Jul 2021, 06:30 GMT+10

NEW YORK, July 23 (Xinhua) -- The U.S. dollar moved higher in late trading on Friday as market participants digested latest economic data.

The dollar index, which measures the greenback against six major peers, rose 0.09 percent at 92.9104.

In late New York trading, the euro fell to 1.1770 U.S. dollars from 1.1771 dollars in the previous session, and the British pound fell to 1.3752 dollars from 1.3774 U.S. dollars in the previous session. The Australian dollar decreased to 0.7364 U.S. dollar from 0.7387 dollar.

The U.S. dollar bought 110.55 Japanese yen, higher than 110.14 Japanese yen of the previous session. The U.S. dollar increased to 0.9202 Swiss franc from 0.9190 Swiss franc, and it was up to 1.2575 Canadian dollars from 1.2556 Canadian dollars.

On the data front, Flash U.S. Composite PMI (Purchasing Managers' Index) fell to 59.7 in July from 63.7 in June, London-based information provider IHS Markit reported on Friday.

"Manufacturers registered a slight acceleration in the pace of expansion in production, but service providers recorded a further loss of growth momentum amid labour shortages," said the report, adding U.S. firms continued to report widespread capacity constraints.

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