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Jump in manufacturing index sends dollar higher

Jump in manufacturing index sends dollar higher

An unexpected rise in a gauge of U.S. manufacturing is pushing the dollar higher against most major currencies.
The Institute for Supply Management said its manufacturing index rose to 54.8 in April, the highest since June and up from 53.4 the previous month.
In a separate report, the Commerce Department said construction spending rose slightly in March after two straight months of declines.
The euro fell to $1.3225 in midday trading Tuesday from $1.3243 late Monday.
The British pound fell to $1.6218 from $1.6232. The dollar rose to 80.16 Japanese yen from 79.81 yen and to 0.9087 Swiss franc from 0.9073 Swiss franc.


Updated : 2021-01-18 18:59 GMT+08:00