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Dollar Rises After Upbeat U.S. Data; Trade Uncertainties Remain


Friday, 22 November 2019 23:25 WIB

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The U.S. dollar rose against a basket of currencies on Friday after data showed U.S. factory and services activity quickened in November in a sign of the continued resilience of the U.S. economy in the face of the U.S.-China trade war and other headwinds.

IHS Markit said its "flash" purchasing managers index (PMI) for manufacturing rose to 52.2 in November from a final reading of 51.3 in October, while its preliminary services PMI increased to 51.6 this month from 50.6 last month.

The dollar index, which compares the dollar against six major currencies, was up 0.15% at 98.139.

Helping the dollar's strength was a survey which showed euro zone business growth almost ground to a halt this month as activity in the bloc's dominant services industry increased at a much weaker pace than expected and among manufacturers it contracted again.

The common currency fell 0.16% against the greenback.

Source : Reuters


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