FOREX TradingCharts.com

Forex News: U.S. Dollar Comes Under Pressure On Disappointing U.S.

U.S. Dollar Comes Under Pressure On Disappointing U.S. Economic Data

12/02/2019 - 16:25:00 (RTTNews)

(RTTNews) - After seeing some strength earlier this morning, the value of the U.S. dollar came under pressure over the course of trading on Monday.

The dollar is trading at 108.97 yen compared to the 109.49 yen it fetched at the close of New York trading on Friday. Against the euro, the dollar is valued at $1.1080 compared to last Friday's $1.1018.

The value of the greenback moved to the downside came following the release of a report from the Institute for Supply Management showing a continued contraction in U.S. manufacturing activity in the month of November.

The ISM said its purchasing managers index edged down to 48.1 in November from 48.3 in October, with a reading below 50 indicating a contraction in manufacturing activity. Economists had expected the index to inch up to 49.2.

"November was the fourth consecutive month of PMI contraction, at a faster rate compared to the prior month," said Timothy R. Fiore, Chair of the ISM Manufacturing Business Survey Committee. "Global trade remains the most significant cross-industry issue."

A separate report released by the Commerce Department showed an unexpected decrease in U.S. construction spending in the month of October.

The disappointing U.S. economic news offset earlier positive sentiment generated by some upbeat Chinese manufacturing data.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Dollar Climbs After U.S. Jobs Data (06 hr(s), 28 min(s), 13 sec(s) ago)
(RTTNews) - After the release of U.S. jobs data for November at 8:30 am ET Friday, the greenback a ...Full Story»

Loonie Falls Following Canada Jobs Data (06 hr(s), 28 min(s), 13 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada has released Canada jobs data for November. Af ...Full Story»

Loonie Mixed Ahead Of Canada Jobs Data (06 hr(s), 37 min(s), 13 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada will release Canada jobs data for November. Ah ...Full Story»

Dollar Mixed Ahead Of U.S. Jobs Data (06 hr(s), 37 min(s), 13 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, the Labour Department will release U.S. jobs data for November. ...Full Story»

Pound Little Changed After UK Halifax House Price Index (11 hr(s), 28 min(s), 13 sec(s) ago)
(RTTNews) - Following the release of UK Halifax house price data at 3:30 am ET Friday, the pound c ...Full Story»

Australian, New Zealand Dollars Climb On Trade Deal Hopes (12 hr(s), 37 min(s), 13 sec(s) ago)
(RTTNews) - The Australian and New Zealand dollar strengthened against their major counterparts in ...Full Story»

Euro Little Changed After German Industrial Output (12 hr(s), 55 min(s), 13 sec(s) ago)
(RTTNews) - At 2.00 am ET Friday, Destatis has published Germany's industrial output data for ...Full Story»

Euro Mixed Ahead Of German Factory Orders (13 hr(s), 07 min(s), 13 sec(s) ago)
(RTTNews) - At 2.00 am ET Friday, Destatis is scheduled to issue Germany's industrial output d ...Full Story»

Search

FOREX NEWS

Loonie Falls Following Canada Jobs Data

12/06/2019 - 08:34 AM (RTTNews)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada has released Canada jobs data for November. Af ...Full Story>>

Dollar Climbs After U.S. Jobs Data

12/06/2019 - 08:34 AM (RTTNews)
(RTTNews) - After the release of U.S. jobs data for November at 8:30 am ET Friday, the greenback a ...Full Story>>

Dollar Mixed Ahead Of U.S. Jobs Data

12/06/2019 - 08:25 AM (RTTNews)
(RTTNews) - At 8:30 am ET Friday, the Labour Department will release U.S. jobs data for November. ...Full Story>>

Loonie Mixed Ahead Of Canada Jobs Data

12/06/2019 - 08:25 AM (RTTNews)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada will release Canada jobs data for November. Ah ...Full Story>>

Pound Little Changed After UK Halifax House Price Index

12/06/2019 - 03:35 AM (RTTNews)
(RTTNews) - Following the release of UK Halifax house price data at 3:30 am ET Friday, the pound c ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.