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Rich Asplund

Dollar Little Changed on Strength in the Euro and Yen

ECB Euro Makhlouf Guindos Japan

The dollar index (DXY00) on Friday fell by -0.02%. The dollar Friday gave up an early advance and posted modest losses. Strength in the euro and yen Friday sparked long liquidation in the dollar. The dollar Friday initially moved higher after bond yields rose on the news that the Apr S&P U.S. manufacturing PMI unexpectedly expanded by the most in 6 months.

The U.S. Apr S&P manufacturing PMI unexpectedly rose +1.2 to 50.4, stronger than expectations of a decline to 49.0 and its strongest pace of expansion in 6 months.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Haiti postpones elections indefinitely as gang violence hampers preparations

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