Dollar trims gains after services sector data

2021-03-04 00:39:36 GMT (Economies.com)
Dollar trims gains after services sector data

The US dollar rose its major counterparts on Wednesday, but pared some of its gains after the release of disappointing economic data.

 

The yield of the US 10-year Treasury rose near the 1.5% mark today, , after rising to 1.6% on Friday for the first time in more than a year.

 

ADB data showed that the US private sector added 117,000 jobs during February, while expectations indicated that 203,000 jobs would be added.

 

The Institute for Supply Management revealed that the service sector in the US fell in February 55.3 points, missing forecasts of 58.7 points.

 

US President Joe Biden stated that the US will have enough Covid-19 vaccines for every adult by the end of May.

 

The dollar index rose against a basket of major currencies by 0.08% to 90.8 points as of 17:12 GMT, after hitting a high of 91.06 points and a low of 90.6 points.

 
 
 
  Symbol Last Change Chg.%
1.2054
0.0028
0.2299%
1.3887
-0.0066
0.4752%
Tadawul
10127.90
18.31
0.18%
26.066
0.275
1.064%
61.788
-1.390
2.200%
65.72
0.34
0.52%
1783.260
11.810
0.667%
 
 
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