The U.S. dollar was little changed against the euro on Wednesday in New York. After an early rise, the greenback began to move lower at around 5 a.m. ET. It dropped sharply a few hours following the release of employment data and edged even lower in the later morning. The greenback gained some strength in the afternoon and moved to 1.3670 at 4 p.m. ET. Overall, trading has been uncertain over the last few days. Traders considered data showing the Euro zone Purchasing Manager`s Index for the manufacturing sector declined to 54.9 in July from 55.6 in June.
The dollar was uncertain against the sterling on Wednesday in New York. The greenback fell sharply following the release of employment data in the mid-morning. The dollar edged higher for the rest of the morning and into the afternoon,, but dropped again at around 3:45 p.m. The pair traded 2.0301 at 4 p.m. Traders mulled data showing that U.K. consumer confidence saw little change in July, adding a point to reach 95.
The dollar saw afternoon strength against the yen on Wednesday and moved to a daily high. The greenback fell during the overnight levels until about 6 a.m. ET when it began to climb for about four hours. It added further gains with a rally that started at around 3 p.m. ET. The pair was at 118.95 at 4:05 p.m. ET. Japanese currency investors considered data showing that new vehicle sales in the nation fell 9.7% year-over-year in July.
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