The Dollar strengthening has halted currently. The
live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, rose 0.5% Friday as Markit reported US purchasing managers manufacturing and services indexes for August were better than expected, with the service sector index rising to 54.8 for August, a 17 month high, and up from 50 in July. A reading of 50 or above indicates industry expansion. Both
GBP/USD and
EUR/USD reversed their climbing Friday as euro-zone flash composite PMI August reading, widely seen as a strong gauge of economic health, fell to 51.6 from July’s 54.9, with both pairs higher currently.
USD/JPY turned higher while
AUD/USD reversed its climbing on Friday with Australian dollar higher against the greenback currently while yen continuing to slide.