Dollar keeps losses despite upbeat US data

Economies.com
2020-10-30 13:50PM UTC

The US dollar fell against most of its counterparts on Friday, despite the release of positive economic data in the US.

 

Data showed today that the US personal income index rose by 0.9% in September, beating forecasts of 0.3%.

 

The US personal spending rose 1.4% in September, beating forecasts of a rise by 1%.

 

The number of coronavirus infections rose to more than 45 million cases worldwide and continues to soar in the US and Europe, which forced some governments to re-impose public lockdown restrictions to curb the virus spread.

 

The dollar index fell against a basket of currencies by 0.3% to 93.7 points as of 14:39 GMT, after it hit a high of 93.9 and a low of 93.6.

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