The rise of the dollar is influenced by data on business activity in the U.S., the decline in the index which turned out to be less significant than analysts had expected.
MOSCOW, 3 Nov. The dollar during trading on Tuesday resumed its growth in relation to world currencies on statistics from the United States, according to AFP.
As at 14.03 GMT, the dollar index (the dollar against a basket of currencies of six major U.S. trading partners) grew by 0.24% to 97,14 item. The Euro-dollar exchange rate fell to 1,0974 1,1015 of the dollar from the dollar to the Euro. The dollar exchange rate to yen has grown to 120,84 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 await the publication later this week of statistics on the U.S. labor market in October.