Home UK & World The US dollar is falling amid economic data

The US dollar is falling amid economic data

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NEW YORK, May 16 (Xinhua) – The US dollar fell in late trading on Monday, when market participants digested a lot of economic data.

The dollar index, which measures the dollar against six major counterparts, fell 0.36 percent to 104.1870.

The euro, the largest component of the index, tried to rebound after its recent weakness.

In late trading in New York, the euro rose to 1.0441 US dollars from 1.0407 dollars in the previous session, and the British pound rose to 1.2320 US dollars from 1.2242 dollars in the previous session. The Australian dollar rose to 0.6977 from 0.6923 US dollars.

The US dollar bought 129.12 Japanese yen, down from 129.30 Japanese yen in the previous session. The exchange rate of the US dollar fell to 1.0016 Swiss francs from 1.0026 Swiss francs and fell to 1.2841 Canadian dollars from 1.2932 Canadian dollars.

In terms of data, New York’s recently published Empire State Fed Business Condition Index, a manufacturing activity rate in the state, fell 36.2 points in May to a negative 11.6. Economists polled by The Wall Street Journal expected the index to fall slightly to a solid 16.5.

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