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US Dollar Gains Amid Global Growth Fears

The US dollar bought 109.19 Japanese yen, lower than 109.67 Japanese yen of the previous session

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The US dollar bought 109.03 Japanese yen, lower than 109.37 Japanese yen of the previous session.
US dollar edges up amid economic data., Pixabay

The US dollar rose as weak economic data from some major economies caused concerns over global growth, sparking demand for safe havens.

After accounting for seasonal factors, the IHS Markit Eurozone Manufacturing purchase management index (PMI) recorded a final reading of 51.4 in December, down from 51.8 in November, Xinhua news agency reported.

Although extending the current run of expansion to five-and-a half years, the latest PMI reading was the lowest seen since February 2016, said the data provider on Wednesday.

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US Dollar Image, pixabay

The dollar index, which measures the greenback against six major peers, increased 0.71 percent at 96.8145 in late trading.

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In late New York trading, the euro decreased to 1.1344 dollars from 1.1459 dollars in the previous session, and the British pound fell to 1.2609 dollars from 1.2738 U.S. dollars in the previous session. The Australian dollar was down to 0.6997 dollar from 0.7048 dollar.

The US dollar bought 109.19 Japanese yen, lower than 109.67 Japanese yen of the previous session. The US dollar increased to 0.9903 Swiss franc from 0.9824 Swiss franc, and it decreased to 1.3585 Canadian dollars from 1.3635 Canadian dollars. (IANS)

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US Dollar Weakens Amid Gloomy Economic Data

The Australian dollar rose to $0.7105 from $0.7094.

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US Dollar
The dollar index, which measures the greenback against six major peers, fell 0.15 per cent at 96.9817 in late trading. Pixabay

The US dollar declined as the allure of the greenback diminished amid a slew of downbeat economic data.

In late New York trading on Thursday, the euro rose to $1.1299 from $1.1269 in the previous session, and the British pound decreased to $1.2801 from $1.2850 in the previous session, Xinhua news agency reported.

The Australian dollar rose to $0.7105 from $0.7094.

The US dollar bought 110.47 Japanese yen, lower than 110.99 Japanese yen of the previous session. The US dollar was down to 1.0047 Swiss franc from 1.0088 Swiss franc, and it increased to 1.3281 Canadian dollars from 1.3250 Canadian dollars.

US Dollar
The Australian dollar rose to $0.7105 from $0.7094. Pixabay

US retail sales in December fell 1.2 per cent from the prior month, the worst drop in nine years, the Commerce Department reported on Thursday.

The unexpected decline, which came after a downwardly revised 0.1 per cent increase in November, signals a weaker economic momentum.

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The dollar index, which measures the greenback against six major peers, fell 0.15 per cent at 96.9817 in late trading. (IANS)

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