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U.S. dollar declines on downbeat data

Xinhua, May 15, 2017 Adjust font size:

The U.S. dollar decreased against most major currencies on Monday as manufacturing data from the country came out below expectations.

The Federal Reserve Bank of New York reported on Monday that business activity leveled off in New York State, according to firms responding to the May 2017 Empire State Manufacturing Survey.

The headline general business conditions index fell six points to -1.0, way below market consensus of 8.0.

The dollar index, which measures the greenback against six major peers, was down 0.30 percent at 98.955 in late trading.

In late New York trading, the euro rose to 1.0976 dollars from 1.0920 dollars, and the British pound climbed to 1.2894 dollars from 1.2879 U.S. dollars in the previous session. The Australian dollar increased to 0.7416 U.S. dollar from 0.7391 U.S. dollar.

The U.S. dollar bought 113.70 Japanese yen, higher than 113.43 yen of the previous session. The U.S. dollar fell to 0.9964 Swiss franc from 1.0021 Swiss francs, and it edged down to 1.3646 Canadian dollars from 1.3713 Canadian dollars. Endit