The Dollar Remained Stable Against Other Major Currencies

dollarThe dollar remained stable against other major currencies on Monday yesterday after the emergence of a report showing that manufacturing activity in August in New York plunged to the lowest level since November 2009.

The Federal Reserve Bank of New York said that the general business conditions index dropped to14.9 this month of 3,86 in July due to new orders and shipments tracked down sharply.
The U.S. dollar index, which tracks the greenback against six major rivals, stable at 96.62. The greenback remained supported as investors waited for the minute of meeting of July, the Federal Reserve on Wednesday, which is expected to provide more clarity about the timing of the rise in short-term interest rates.
The euro little changed with the EUR/USD at 1,1109.

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