Equity rally fuels hopes for dollar rise


NEW YORK -- A sustained rally in US equities could prove to be the only hope for the US dollar, following mixed US data last week.

The unit weakened to $0.9813 per euro on the back of poor manufacturing data last Thursday (August 15). The Philadelphia Federal Reserve index’s shock fall to -3.1 in August from 6.6 in July erased gains made on firming equity markets. With the collapse of new orders to -2.7 from 6.6, the data also eclipsed positive sentiment surrounding the successful filing of 80%

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: