US$ pinned down after decade-low U.S. manufacturing data

An apparent early-morning North Korean missile test only reinforced the flight, nudging the Japanese yen, Swiss franc and gold slightly higher.

SINGAPORE: Worries about a slowing U.S. economy and the possibility of further interest rate cuts in the wake of weak U.S. manufacturing data kept the dollar pinned down on Wednesday, as investors sought safety elsewhere.

An apparent early-morning North Korean missile test only reinforced the flight, nudging the Japanese yen, Swiss franc and gold slightly higher.