Monday January 21, 2019
Home Lead Story US Dollar Gai...

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

0
//
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.

North Korea
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.

Also Read- Watching High-Spirited Videos Online Could Make You Happier

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)

Next Story

US Dollar Rose up Amid Economic Data

Meanwhile, the more stable four-week moving average was 220,750, a decrease of 1,000 from the previous week's unrevised average of 221,750

0
North Korea
US Dollar Image, pixabay

The US dollar rose slightly amid strong economic data.

In late New York trading on Thursday, the euro was down to $1.1390 from $1.1398 in the previous session, and the British pound rose to $1.2987 from $1.2870 in the previous session, Xinhua news agency reported.

The Australian dollar increased to $0.7200 from $0.7176.

The dollar index, which measures the greenback against six major peers, rose 0.01 per cent at 96.0658 in late trading.

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 bought 109.26 Japanese yen, higher than 108.92 Japanese yen of the previous session. The US dollar increased to 0.9937 Swiss franc from 0.9906 Swiss franc, and it rose to 1.3266 Canadian dollars from 1.3249 Canadian dollars.

Also Read- A Bug in Twitter Exposes Private Tweets of Some Android Users

In the week ending January 12, the advance figure for US initial jobless claims, a rough measure of layoffs, was 213,000, down 3,000 from the previous week’s unrevised level, the Department of Labor reported on Thursday. The reading was lower than market consensus.

Meanwhile, the more stable four-week moving average was 220,750, a decrease of 1,000 from the previous week’s unrevised average of 221,750. (IANS)