Investing.com - The U.S. dollar traded lower against most of its major rivals during Tuesday’s Asian session following a batch of supportive data points for other developed market currencies.
In Asian trading Tuesday, EUR//USD inched down 0.03% to 1.3190 after Markit research group said its final manufacturing purchasing managers' index for the euro zone rose to 51.4 in August, from a reading of 51.3 the previous month, hitting the highest level since July 2011. Analysts had expected the index to remain unchanged last month.
Markit said Spain's manufacturing PMI rose to 51.1 in August, from a reading of 49.8 the previous month, hitting its highest level since April 2011. Analysts had expected the index to rise to 50.8 last month. Italy's manufacturing PMI rose to 51.3 in July, from 50.4, beating expectations for a rise to 51.0 and hitting the highest level since June 2011.
GBP/USD nudged up 0.03% to 1.5550 after Markit said the U.K.'s manufacturing purchasing managers' index rose to a 30-month high of 57.2 in August from an upwardly revised reading of 54.8 in July.
Analysts had expected the manufacturing PMI to ease up to 55.0 last month. In a separate report, the British Retail Consortium said retail sales in the U.K. fell last month. Retail sales dropped 1.8% in August. Economists expected a decline of 1.7%.
USD/JPY rose 0.21% to 99.54 after the Bank of Japan said that Japan’s monetary base rose to 42% in August from 38% in July. Analysts expected an increase to 41.3% last month.
USD/CAD fell 0.04% to 1.0547 while USD/CHF inched up 0.01% to 0.9347 after the Swiss National BanK said its cap on the franc’s upside against the euro will remain in place as long as necessary. The central bank’s interest rates remain near zero.
AUD/USD rose 0.51% to 0.9024 while NZD/USD advanced 0.30% to 0.7835. The U.S. Dollar Index inched up 0.04% to 82.34.
In Asian trading Tuesday, EUR//USD inched down 0.03% to 1.3190 after Markit research group said its final manufacturing purchasing managers' index for the euro zone rose to 51.4 in August, from a reading of 51.3 the previous month, hitting the highest level since July 2011. Analysts had expected the index to remain unchanged last month.
Markit said Spain's manufacturing PMI rose to 51.1 in August, from a reading of 49.8 the previous month, hitting its highest level since April 2011. Analysts had expected the index to rise to 50.8 last month. Italy's manufacturing PMI rose to 51.3 in July, from 50.4, beating expectations for a rise to 51.0 and hitting the highest level since June 2011.
GBP/USD nudged up 0.03% to 1.5550 after Markit said the U.K.'s manufacturing purchasing managers' index rose to a 30-month high of 57.2 in August from an upwardly revised reading of 54.8 in July.
Analysts had expected the manufacturing PMI to ease up to 55.0 last month. In a separate report, the British Retail Consortium said retail sales in the U.K. fell last month. Retail sales dropped 1.8% in August. Economists expected a decline of 1.7%.
USD/JPY rose 0.21% to 99.54 after the Bank of Japan said that Japan’s monetary base rose to 42% in August from 38% in July. Analysts expected an increase to 41.3% last month.
USD/CAD fell 0.04% to 1.0547 while USD/CHF inched up 0.01% to 0.9347 after the Swiss National BanK said its cap on the franc’s upside against the euro will remain in place as long as necessary. The central bank’s interest rates remain near zero.
AUD/USD rose 0.51% to 0.9024 while NZD/USD advanced 0.30% to 0.7835. The U.S. Dollar Index inched up 0.04% to 82.34.