Institute for Supply Management — News Archive


British Pound Falls as Construction Activity Declines in December

The British pound fell against most of its major peers on Wednesday following a fresh release that showed a drop in activity within the construction sector in the last month of 2017. The British currency further weakened against the US dollar as traders anticipated the minutes of the last Federal Open Market Committee’s meeting.

Euro Trades Lower Against US Dollar Ahead of FOMC Minutes

The euro today traded lower against the US dollar amid a broad-based greenback recovery for most of today’s session. The single currency was largely unaffected by the positive German employment data released by the Federal Statistical Office.

US Dollar Rises as Strong Labor Data Outweighs Low Manufacturing Activity

The US dollar climbed against the euro on Wednesday in the wake of the strongest job gain in the United States since March. However, the greenback erased most of the gains it had made earlier in the day as manufacturing activity in October disappointed expectations.

US Dollar Rises as Manufacturing Data Exceeds Expectations

The US dollar rose against other major currencies on Monday following the release of manufacturing activity data that exceeded analyst estimates. Expectations of higher interest rates in the short term led an index that tracks the strength of the greenback touched its highest level in about one and half months.

US Shrugs Off Impact of Disappointing Nonfarm Payrolls

The US dollar dipped after the released of worse-than-expected nonfarm payrolls but reversed its losses quickly, bouncing against the euro. The greenback also gained on some other most-traded rivals, though not all of them.

US Dollar Remains near Lowest Level in 3 Years as Business Activity Lags Behind Forecast

The US dollar weakened against the euro on Thursday to remain near its lowest level in almost 3 years. A fresh data release that revealed lagging business activity in the United States added to mounting evidence that economic growth is losing momentum, which weighed on the greenback.

US Dollar Plummets Against Major Peers as Employment Data Misses Estimates

The US dollar plummeted against the euro and the British pound on Thursday, following a number of disappointing economic data that further confirmed a slowdown in the US economic growth. The greenback declined despite marginally stronger business activity in the United States, which failed to cancel the negative effect of today’s economic releases.

Canadian Dollar Erases Earlier Losses as Weak US Data Overshadows Lower Oil Prices

The Canadian dollar rose against its US counterpart on Monday to erase losses it had posted earlier following a drop in oil prices. A slew of economic releases in the United States uncovered lackluster data, which weighed on the US dollar and gave way for the loonie to move higher today.

US Dollar Climbs Against Euro as Labor Market Conditions Improve

The US dollar rose against the euro on Thursday following a new report on the conditions of the US labor market, which revealed numbers that beat estimates. The greenback was further supported by data showing strong industrial activity in May as new orders and employment increased.

US Dollar Climbs Versus Major Peers on Robust Labor Market Data

The US dollar traded higher against a basket of its main counterparts on Wednesday as bullish economic data, which showed better conditions than expected in the labor market, raised optimism between traders. The greenback rose despite anticipation for a monetary policy decision that is due to be released later today.