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Barchart
Rich Asplund

HISTORICAL FACTS: Dollar slides on weak u s manufacturing activity | History Defined

ECB LAGARDE Euro US Federal Reserve United States BOJ

The dollar index (DXY00) on Friday fell by -0.52%.  The dollar retreated on Friday after economic news showed the U.S. Nov S&P manufacturing PMI fell more than expected.   Also, strength in the euro Friday weighed on the dollar after the German Nov IFO business climate rose more than expected to a 4-month high.

Friday’s U.S. economic news was mixed for the dollar.  On the bearish side, the Nov S&P manufacturing PMI fell -0.6 to 49.4, weaker than expectations of 49.9.  Conversely, the Nov S&P services PMI unexpectedly rose +0.2 to a 4-month high of 50.8, stronger than expectations of a decline to 50.3.

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