The Dollar weakening reversed today ahead of factory orders report due later in the afternoon. 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, edged down less than 0.1% to 99.01 Friday as the Institute for Supply Management manufacturing index came in at above expected 41.5 for April. Readings below 50 indicate a contraction in activity. The
EUR/USD continued rising Friday while
GBP/USD reversed its climbing after the final Markit manufacturing purchasing managers’ index reading for UK showed on Friday British manufacturing suffered its worst decline in output for three decades in April. Both pairs are lower currently.
USD/JPY joined
AUD/USD’s continued fall on Friday with the dynamics intact for both pairs currently.