The US dollar rose today against the Great Britain pound and the Japanese yen after the reports showed that the manufacturing expanded and the construction spending increased in the US. The currency fell versus the euro.
The Institute for Supply Management Purchasing Managers’ Index rose from 56.6 percent in November to 57.0 percent in December. The construction spending grew 0.4 percent in November. That’s compared to the median forecast of 0.2 percent and the October reading of 0.7 percent.
The Standard & Poorâs 500 Index advanced as much as 1.2 percent as investors’ risk appetite improved. The improving sentiment may play in favor of commodity currencies, decreasing demand for the dollar.
EUR/USD traded near 1.3375 as of 17:12 GMT after opening at 1.3343 and reaching the intraday low of 1.3250. GBP/USD traded at 1.5490 after it opened at 1.5543 and fell to the intraday low of 1.5433. USD/JPY rose from the opening rate of 81.11 to 81.52, following the earlier advance to 81.73.
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