Dollar Edges Lower Ahead of US Manufacturing Data
A gauge of the dollar weakened for the first time in eight sessions before ISM manufacturing data that’s likely to provide more clues on the health of the US economy.
Bloomberg Dollar Spot Index slipped 0.1%, with Australia and New Zealand’s currencies leading gains against the greenback.
“Dollar is getting marginally sold in thin trading as traders try not to over-read markets ahead of ISM,” said Christopher Wong, strategist at Oversea-Chinese Banking Corp. “Apart from the small selloff this morning, the dollar remains broadly firmer, with the DXY above 109 levels”.
There’s no cash Treasuries trading due to a holiday in Japan.
USD/JPY slipped 0.1% to 157.32.
Pair is holding under trendline resistance off the adjacent peaks that preceded Japanese intervention in early July.
AUD/USD advanced 0.2% to 0.6212.
EUR/USD edged up 0.1% to 1.0274 after dropping 0.9% Thursday.
GBP/USD rose 0.1% to 1.2395.
Source : Bloomberg
