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U.S. dollar and euro trade at 1.0916

ArgusFX

U.S. dollar weakens after reports release

The U.S. dollar traded lower versus its counterparts today, following the weaker economic reports in the U.S. The EUR/USD approached the 1.0916 zone rising 0.17%,

U.S. dollar under pressure

The greenback remained under pressure after the drop of the manufacturing purchasing managers' index from 57.2 to 54.8 in April.

The GBP/USD reached the 1.2887 area, while the USD/JPY traded to 112.06 rising 0.19%. The AUD/USD stabilized at 0.7528, and the U.S. dollar index changed to 98.97.

China's manufacturing weakens

China's manufacturing weakened more than the investors and the traders predicted thus forcing crude prices lower.

The crude futures on the New York Mercantile Exchange for delivery in June traded to $48.74 a barrel falling 0.20% while Brent approached $51.45 a barrel easing 0.14%.

Ireland's MA rises faster in April

The new export orders fastest pace within a period of almost two years supported Ireland's manufacturing activity to rise faster for the month of April.

The Investec Manufacturing Purchasing Managers' index climbed from 53.6 to 55.0.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/u.s.-dollar-and-euro-trade-at-1.0916
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