U.S. dollar declines on economic data

Source: Xinhua| 2018-08-04 04:25:55|Editor: huaxia
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NEW YORK, Aug. 3 (Xinhua) -- The U.S. dollar index edged down on Friday as investors were digesting the latest economic data from the country.

U.S. total nonfarm payroll employment rose by 157,000 in July, the Department of Labor reported on Friday. The reading was lower than market expectations of an increase between 190,000 and 195,000.

Moreover, the U.S. Institute of Supply Management (ISM) non-manufacturing index fell to 55.7 in July from the June reading of 59.1, missing market consensus of 58.6. A reading above 50 indicates expansion in the service sector while a reading below 50 signals contraction.

The dollar index, which measures the greenback against six major peers, was down 0.01 percent at 95.151 in late trading on Friday.

In late New York trading, the euro was down to 1.1579 dollars from 1.1584 dollars in the previous session, and the British pound decreased to 1.3009 dollars from 1.3019 U.S. dollars in the previous session. The Australian dollar climbed to 0.7404 dollar from 0.7361 dollar.

The U.S. dollar bought 111.23 Japanese yen, lower than 111.70 Japanese yen of the previous session. The U.S. dollar lost to 0.9940 Swiss franc from 0.9956 Swiss franc, and it went down to 1.2981 Canadian dollars from 1.3027 Canadian dollars. Enditem

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