Data Helps Dollar Steady – 3 February, 2020

The dollar got a boost from key a U.S. manufacturing survey that showed a rebound in factory activity for January, while keeping interest rates steady helped the Australian dollar gain. In its biggest gain of the year thus far, the U.S. dollar index was firm at 97.832 after rising 0.44% on Monday. After rising 0.3% against the yen, the dollar was last trading at 108.70 yen. After slipping 0.3%, the euro last stood at $1.1057. The Australian dollar moved further away from the 10 1/2 year low it hit in October of $0.6670, last trading 0.35% higher to $0.6714 after the Reserve Bank of Australia left rates steady. The offshore yuan gained 0.1% to 7.0022 yuan per dollar, while sterling dipped 1.54% to $1.2999.