👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Dollar consolidates gains as U.S. ISM manufacturing beats estimate

Published 07/03/2017, 10:46 AM
EUR/USD
-
GBP/USD
-
USD/JPY
-
DX
-

Investing.com - The dollar Monday consolidated gains against major currencies after U.S. manufacturing activity expanded more than expected.
The dollar index was up 0.49% at 95.86 at 10:15 ET after a reading of 95.82 just prior to the release.
The ISM said its manufacturing activity (purchasing managers index) rose to 57.8 last month from 54.9 in May.
Analysts had forecast the PMI to rise to 55.2.
A reading above 50.0 indicates expansion, one below contraction.
The dollar was earlier propped up by a weakening of the euro and the pound after last week's gains.
Sterling dropped below the $1.30 mark as the U.K. manufacturing PMI missed estimates in June.
The euro retreated from the $1.14 mark hit last week after hawkish comments by ECB chief Mario Draghi.
The greenback hit two week highs against theyen above the 113 mark.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.