US dollar decline due to US data

Follow-up - INA

The dollar fell against a basket of currencies, giving up some of the gains it recorded in the previous session, with declining US Treasury and lackluster data that affected the green currency .

Data showed that manufacturing activity in the United States grew at a slower pace in April, which pushed Treasury yields to decline .

The dollar index, which measures the green currency's value against a basket of six currencies, fell 0.3 percent to 90.963 at the end of the trading session on the New York market .

Federal Reserve Chairman Jerome Powell said, "The US economy is showing better performance, but it has not yet passed the risk phase."

The dollar fell against the euro after a survey showed that factory activity growth in the euro zone jumped to a record high in April .

Trading in foreign exchange markets was thin in Monday's session due to holidays in Japan, China and Britain, which dampened volatility .

The Australian and New Zealand dollar rose against the US currency today, although they were not able to fully recover last Friday's losses .

The pound sterling was the best performer against the dollar in Monday's session, as it rose 0.8 percent to $ 1.3910 .