Euro holds gains after downbeat U.S. data

Economies.com
2016-09-23 16:45PM UTC

Euro scored further gains on Friday following a spate of weak U.S. data that pushed the greenback down against rivals. 

 

EUR/USD last traded at 11231, up from the opening of 1.1208, with an intraday high at 1.1233, and a low at 1.1195. 

 

Euro's recovery comes after the dollar tumbled following the Federal Reserve's decisions to hold monetary policy and interest rates, judging by the economy's lag behind the bank's targets. 

 

Earlier data from the U.S. showed manufacturing PMI in September at 51.4, down from August's 52, while analysts expected a rise to 52.1. 

 

The dollar index, tracking the U.S. currency's performance against a basket of six major rivals, rose to 95.45 from the opening of 95.38, with a one-week low at 95.34, and a session-high at 95.68, after the index hit a week low yesterday at 95.04. 

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