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U.S. dollar retreats on weak economic data

NEW YORK
2023-04-27 06:01

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NEW YORK, April 26 (Xinhua) -- The U.S. dollar fell in late trading on Wednesday due to weak economic data in the United States.

The dollar index, which measures the greenback against six major peers, was down 0.39 percent to 101.4689 in late trading.

In late New York trading, the euro was up to 1.1038 U.S. dollars from 1.0971 dollars in the previous session, and the British pound rose to 1.2457 U.S. dollars from 1.2406 dollars in the previous session.

The U.S. dollar bought 133.5200 Japanese yen, lower than 133.60 Japanese yen of the previous session. The U.S. dollar was down to 0.8906 Swiss franc from 0.8920 Swiss franc, and it was up to 1.3646 Canadian dollars from 1.3643 Canadian dollars. The U.S. dollar was up to 10.3410 Swedish Krona from 10.3205 Swedish Krona.

The U.S. dollar index found itself under pressure after the release of U.S. economic data, although it managed to rebound from session lows, said Vladimir Zernov, analyst with market information supplier FX Empire.

The order of U.S. core capital goods in March posted a month-on-month decrease of 0.4 percent, missing the market expectation of a 0.2-percent expansion, according to data issued by the U.S. Department of Commerce.
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