The U.S. dollar dropped against other major currencies on Wednesday as key economic data from the country came out negative.
U.S. new orders for manufactured durable goods in October decreased 2.8 billion U.S. dollars or 1.2 percent to 236.0 billion dollars, missing market projection of a 0.4-percent gain, the Commerce Department announced Wednesday.
Meanwhile, investors were also sifting through the newly-released Federal minutes for its September meeting, which showed that U.S. central bank could raise interest rate one more time this year if the economy continues moderate expansion.
The minute also pointed out that low inflation this year has drawn concern from Fed officials.
The dollar index, which measures the greenback against six major peers, was down 0.66 percent at 93.330 in late trading.
In late New York trading, the euro rose to 1.1817 U.S. dollars from 1.1745 U.S. dollars, and the British pound rose to 1.3311 U.S. dollars from 1.3244 U.S. dollars. The Australian dollar increased to 0.7608 U.S. dollar from 0.7581 U.S. dollar.
The U.S. dollar bought 111.26 Japanese yen, lower than 112.38 yen of the previous session. The U.S. dollar lost to 0.9820 Swiss franc from 0.9915 Swiss franc, and it edged down to 1.2714 Canadian dollars from 1.2780 Canadian dollars.
U.S. new orders for manufactured durable goods in October decreased 2.8 billion U.S. dollars or 1.2 percent to 236.0 billion dollars, missing market projection of a 0.4-percent gain, the Commerce Department announced Wednesday.
Meanwhile, investors were also sifting through the newly-released Federal minutes for its September meeting, which showed that U.S. central bank could raise interest rate one more time this year if the economy continues moderate expansion.
The minute also pointed out that low inflation this year has drawn concern from Fed officials.
The dollar index, which measures the greenback against six major peers, was down 0.66 percent at 93.330 in late trading.
In late New York trading, the euro rose to 1.1817 U.S. dollars from 1.1745 U.S. dollars, and the British pound rose to 1.3311 U.S. dollars from 1.3244 U.S. dollars. The Australian dollar increased to 0.7608 U.S. dollar from 0.7581 U.S. dollar.
The U.S. dollar bought 111.26 Japanese yen, lower than 112.38 yen of the previous session. The U.S. dollar lost to 0.9820 Swiss franc from 0.9915 Swiss franc, and it edged down to 1.2714 Canadian dollars from 1.2780 Canadian dollars.
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