U.S. dollar dips amid strength in euro


  • World
  • Tuesday, 05 Jan 2021

NEW YORK, Jan. 4 (Xinhua) -- The U.S. dollar weakened in late trading on Monday as the euro strengthened.

The dollar index, which measures the greenback against six major peers, fell 0.11 percent at 89.8700.

The euro gained steam after data showed manufacturing growth in the eurozone accelerated in final month of 2020.

Final Eurozone Manufacturing PMI (Purchasing Managers' Index) came in at 55.2 in December, up from 53.8 in November, London-based information provider IHS Markit reported on Monday.

In late New York trading, the euro was up to 1.2252 U.S. dollars from 1.2214 dollars in the previous session, and the British pound was down to 1.3566 dollars from 1.3657 U.S. dollars in the previous session. The Australian dollar was down to 0.7670 U.S. dollar from 0.7694 dollar.

The U.S. dollar bought 103.11 Japanese yen, lower than 103.19 Japanese yen of the previous session. The U.S. dollar was down to 0.8806 Swiss franc from 0.8848 Swiss franc, and it rose to 1.2772 Canadian dollars from 1.2757 Canadian dollars.

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