Strong Economic Data Pushes Dollar Higher – 1 September, 2020

Manufacturing activity data released this week helped the dollar gain after hitting two-year lows as a surge in new orders hit a two-year high. The dollar index was up 0.12% to 92.346 after hitting an April 2018 low. The euro rose to its highest since May 2018, trading at $1.2014 before settling at $1.19095. Against the yen, the dollar was steady at 105.75. The Australian dollar last stood at $0.73845, and the new Zealand dollar was at $0.6764. The offshore yuan was little changed, rising 0.03% to 1.3516, and Sterling was just below a 2019 high at 1.3422.