Tuesday, 4 August 2015

Dollar finishes higher despite weak manufacturing report

The dollar finished the first trading session of the month higher against its main rivals, retaining gains from early in the session despite a disappointing reading of U.S. manufacturing in July.

The euro EURUSD, -0.0457%  finished the session around $1.0948, down 0.6% from $1.1010 late Friday in New York.

Earlier, the shared currency shrugged off reports showing strong growth in the French and German manufacturing sectors and a massive selloff in the Greek stock market, which reopened Monday after being closed for five weeks.

The dollar trimmed its early gains against the yen, recently trading at ¥123.95, USDJPY, -0.02%  flat with its late-Friday level.

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