U.S. dollar dips amid lackluster economic data

NEW YORK, July 22 (Xinhua) — The U.S. dollar weakened in late trading on Friday, driven by a slew of downbeat economic data.

The dollar index, which measures the greenback against six major peers, decreased 0.17 percent to 106.7300.

In late New York trading, the euro was unchanged at 1.0198 U.S. dollars, and the British pound was up to 1.1980 dollars from 1.1962 U.S. dollars in the previous session. The Australian dollar was up to 0.6912 U.S. dollar from 0.6903 dollar.

The U.S. dollar bought 136.20 Japanese yen, lower than 137.65 Japanese yen of the previous session. The U.S. dollar decreased to 0.9640 Swiss franc from 0.9685 Swiss franc, and it was up to 1.2921 Canadian dollars from 1.2893 Canadian dollars.

On the data front, flash U.S. Services Business Activity Index fell to a 26-month low of 47 in July, S&P Global Market Intelligence reported on Friday. Readings below 50 indicates contraction.

Flash U.S. Manufacturing PMI (Purchasing Managers’ Index) dropped to 52.3 from June’s reading of 52.7, marking a 24-month low, showed the report.

Disclaimer: This report is automatically generated from worldwide news services. NTN is not responsible for its content and does not moderate it.

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