The dollar depreciates against foreign currencies in anticipation of data on the labor market

The dollar depreciates against foreign currencies in anticipation of data on the labor market


The dollar index (the dollar against a basket of currencies of six major U.S. trading partners) decreased by 0.04% to 96,88 points. The Euro-dollar exchange rate has grown up to 1,1018 1,1016 of the dollar from the dollar to the Euro.

MOSCOW, 3 Nov. The dollar during trading Monday shows a negative trend in relation to world currencies on data from domestic statistics and pending messages on the U.S. labor market in October, according to AFP.

As at 07.12 GMT the dollar index (the dollar against a basket of currencies of six major U.S. trading partners) decreased by 0.04% to 96,88 points. The Euro-dollar exchange rate has grown up to 1,1018 1,1016 of the dollar from the dollar to the Euro. The dollar against the yen fell to 120.65 mm yen per dollar with 120,75 yen per dollar at the previous closing.

According to the us Institute for supply management (Institute for Supply Management, ISM), the index of business activity in industrial sector of the U.S. economy (ISM Manufacturing) in October fell to 50.1% from September’s reading of 50.2%. The data has appeared better forecasts of analysts which expected indicator decrease to 50%. A figure above 50% indicates growth of business activity in the manufacturing sector, below — its decline.

Investors also awaited the release later this week of statistics on the U.S. labor market in October. “Currency, for the most part, fades into the background during the session of the financial markets. Investors are on standby in anticipation of the event at the end of the week,” said Reuters, BNZ currency strategist Raiko Shareef (Raiko Shareef).