Outside Ukraine dollar is falling

Outside Ukraine dollar is falling

The dollar fell against major currencies during Monday trading on news of the unexpected reduction of business index in the manufacturing sector of the US economy.

The dollar fell against the euro to $1.3527 from $1.3488 the previous day, reports RIA Novosti news agency.

The dollar also fell against the yen, to 100.96 yen per dollar from 102.04 yen to the dollar at the end of the previous trading session. The dollar index (rate of dollar to a basket of six currencies of major trade partners of the US) fell to 80.03 points from 81.25 points.

As reported on Monday by the Institute for Supply Management, the business activity index for the US industrial sector fell from 56.5% in December to 51.3% in January. Analysts had expected the deflation to 56%.

“While the statistical data from the ISM may force investors to revise their forecast for the upcoming (Friday - Ed.) statistics on the labor market, the statistics will not be able to change the Federal Reserve plans on monthly reduction of asset repurchase,” commented the statistics George Dowd, head of Currency Trading department at Newedge USA, as quoted by the agency MarketWatch.

Euro improved its position against the dollar in the course of Friday trading following the statistics of the euro-zone. Composite index of industrial production (PMI) for the 18 euro-zone countries rose to 54.0 points in January from 52.7 points in December, according to the final assessment (analysts earlier forecast the PMI at 53.9 points).

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