The dollar extends gains, hitting a fresh two-week high against a basket of currencies after data showed U.S. manufacturing activity contracted by less than expected in April.
The ISM manufacturing PMI fell to 48.7 in April from 49.0 in March, against expectations for a bigger fall to 47.8. Investors had feared a risk of a weaker number given that President Trump announced sweeping tariffs in April, although he later delayed many of these.
The DXY dollar index rises 0.6% on the day to a high of 100.119, from around 99.881 before the data was released. The euro also extends falls and last trades down 0.4% at $1.1294, versus $1.1322 beforehand.
