US dollar declines amid weak data

23 February, 2020 12:00 AM printer

US dollar declines amid weak data

NEW YORK: The U.S. dollar declined in late trading on Friday as investors' sentiment was dragged down by weak economic data.

Flash U.S. Manufacturing Purchasing Managers' Index (PMI) dropped to 50.8 in February from 51.9 in January, marking a 6-month low, London-based global information provider IHS Markit reported Friday.

The seasonally adjusted IHS Markit Flash U.S. Services PMI Business Activity Index registered 49.4 in February, down from 53.4 in January, reports Xinhua.

The dollar index, which measures the greenback against six major peers, decreased 0.6 percent at 99.2624 in late trading.

In late New York trading, the euro was up to 1.0857 dollars from 1.0789 dollars in the previous session, and the British pound rose to 1.2973 dollars from 1.2880 dollars in the previous session. The Australian dollar increased to 0.6630 U.S. dollar from 0.6614 U.S. dollar.

The U.S. dollar bought 111.61 Japanese yen, lower than 112.04 Japanese yen of the previous session. The U.S. dollar decreased to 0.9777 Swiss franc from 0.9840 Swiss franc, and it decreased to 1.3208 Canadian dollars from 1.3262 Canadian dollars.