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Dollar Gets Reprieve Ahead of Key U.S. Factory Survey


Friday, 3 January 2020 09:12 WIB

DOLLAR Indeks DolarDolar AS


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The dollar shook off recent weakness on Friday as dismal economic news from Europe and the UK weighed on major rivals, while figures due later in the session are expected to point to some improvement in U.S. manufacturing.

Against a basket of currencies, the dollar snapped a six-session losing streak overnight to stand at 96.747, up slightly from the recent six-month low around 96.355.

It got a lift when surveys showed British factory output fell in December at the fastest rate since 2012, while the German manufacturing sector stayed deep in contraction.

That took the shine off the pound, which eased to $1.3154, from a $1.3266 top on Thursday. The euro slipped to $1.1173, from a peak of $1.1225, backing away from major chart resistance around $1.1249.

Source : Reuters


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