Dollar slightly changed on upbeat US, China figures
June 24, 2014 8:55 am
The US dollar was slightly changed versus the euro and the Japanese yen Tuesday, with the currencies remaining in recent ranges following positive factory figures from China and the United States on Monday was neutralized by weaker private sector data from the eurozone.
The euro was stable at 1.3598, holding above the lows of 1.3573 hit on Monday.
The outlook for the US recuperation was bolstered following data on Monday reflected the manufacturing activity added at the fastest pace in four years in June, with the Markit manufacturing purchasing managers’ index increasing to 57.5, previously 56.4.
A separate report showed China’s HSBC manufacturing PMI was at 50.8 in June, the first time the index climbed above the 50 level separating growth from constriction in six months.
But this was overclouded following PMI surveys on service and manufacturing sector activity in the eurozone implied the recovery is losing momentum.
The shared currency inched higher versus the yen, rising 0.06% to 138.72, from Monday’s 138.27.
Meanwhile, the dollar was stable against the yen, at ¥101.95.
The material has been provided by InstaForex Company – www.instaforex.com
The US dollar was slightly changed versus the euro and the Japanese yen Tuesday, with the currencies remaining in recent ranges following positive factory figures from China and the United States on Monday was neutralized by weaker private sector data from the eurozone.
The euro was stable at 1.3598, holding above the lows of 1.3573 hit on Monday.
The outlook for the US recuperation was bolstered following data on Monday reflected the manufacturing activity added at the fastest pace in four years in June, with the Markit manufacturing purchasing managers’ index increasing to 57.5, previously 56.4.
A separate report showed China’s HSBC manufacturing PMI was at 50.8 in June, the first time the index climbed above the 50 level separating growth from constriction in six months.
But this was overclouded following PMI surveys on service and manufacturing sector activity in the eurozone implied the recovery is losing momentum.
The shared currency inched higher versus the yen, rising 0.06% to 138.72, from Monday’s 138.27.
Meanwhile, the dollar was stable against the yen, at ¥101.95.
The material has been provided by InstaForex Company – www.instaforex.com
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