Investing.com - The dollar remained lower against the other major currencies on Monday, after data showing that manufacturing comditions in the New York area deteriorated in October, while investors awaited additional data on U.S. industrial production due later in the day.
The Federal Reserve of New York said its Empire State manufacturing index fell to -6.80 in October from -1.99 the previous month. Analysts had expected the index to rise to 1.00 this month.
The report came after upbeat data added to expectations for an upcoming U.S. rate hike.
The minutes of the Federal Reserve’s September policy meeting showed last week that several voting members believed a rate hike would be warranted "relatively soon" if the U.S. economy continued to strengthen.
EUR/USD rose 0.26% to 1.1001, just off a more than two-month low of 1.0964 hit overnight.
Earlier Monday, final data showed that the euro zone consumer price index rose 0.4% in September, in line with expectations. Year-on-year, consumer prices gained 0.4% last month.
USD/JPY slipped 0.14% to 104.01, close to last week’s more than two-month peak of 104.63.
GBP/USD declined 0.30% to 1.2149, while USD/CHF shed 0.20% to 0.9885.
The Australian dollar was steady, with AUD/USD at 0.7614, while NZD/USD climbed 0.54% to 0.7125.
Meanwhile, USD/CAD was little changed at 1.3135.
Statistics Canada reported on Monday that foreign securities purchases rose by C$12.74 billion in August, after an increase of C$9.10 billion the previous month, whose figure was revised from a previously estimated C$5.23 billion rise.
Analysts had expected foreign securities purchases to increase by C$6.24 billion in August.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.15% at 97.93, off a seven-month high of 98.15 hit overnight.