Weak Manufacturing Data Causes Dollar To Slip – 2 October, 2019

Data showing a sharp decline in us manufacturing caused the dollar to dip for a second straight session against the euro and fall to a one week low against the yen. Against the yen, the dollar fell 0.6% to 107.39 yen, having fallen to 107.06 yen earlier in the session and sending signals that investors are looking for safer assets. The euro gained 0.3% against the dollar to settle just above Tuesdays two year low of $1.0877, ending the session at $1.0959. The dollar index slipped 0.1% against a basket of major currencies to 99.014, having hit a 29 month high the previous session at 99.667. The Australian dollar was flat at $0.6700 against the U.S. dollar, and sterling was little changed against the greenback at $1.2305.