The US dollar declined against several major global currencies after a closely-watched report showed that the American factory sector slumped into contraction territory last month.
The dollar index, which tracks the greenback against six major global currencies, was recently down by 0.3 per cent, after having been up 0.1 per cent ahead of the data.
The UK pound was up 1.3 per cent on the dollar, extending gains from earlier in the day sparked by a strong purchasing managers’ index report on the manufacturing sector. The euro was up 0.1 per cent after sliding as much as 0.3 per cent earlier. Meanwhile, the dollar trimmed its gains against the Japanese yen to 0.1 per cent from as much as 0.6 per cent.
