The US dollar weakened against major world currencies on Monday.
Investors are estimating the probability of worsening of the situation in the world economy after central banks of several countries raised interest rates last week, Trading Economics notes.
In addition, Friday’s published statistical data had a negative impact on the value of the U.S. currency.
The Purchasing Managers Index (PMI) in the U.S. manufacturing sector fell to 46.3 points in June from 48.4 points a month earlier, according to preliminary data from S&P Global, which calculates the index. This is the lowest level in six months. The decline in the indicator came as a surprise to analysts, who had forecast an average rise to 48.5 points.
The services PMI fell to 54.1 points this month from 54.9 points in May, with the composite reading down to 53 points from 54.3 points.
The euro is trading near $1.0911 in the morning versus $1.0895 in the previous session.
The value of the single European currency is now around 156.38 yen compared to 156.59 yen on Friday. The dollar exchange rate is 143.36 yen versus 143.73 yen at the end of the previous trading day.
The DXY index, which shows the value of the U.S. dollar against six major world currencies, was down 0.18% in trading. The WSJ Dollar, which tracks the movement of the dollar against 16 currencies, declined 0.09%.
The pound traded at $1.2733 on Monday, compared to $1.2714 at the close of previous trading. The euro is unchanged at £0.8568.
Analysts at Mitsubishi UFG forecast the British currency could rise to $1.3 this year.
