FOREX-Dollar higher after manufacturing data lowers June rate bets [Yahoo! Finance]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Yahoo! Finance
NEW YORK/SINGAPORE, April 1 (Reuters) - The dollar rose on Monday after data showed the U.S. manufacturing sector grew in March for the first time since September 2022, while the yen loitered below 152 per dollar keeping traders on edge over the threat of intervention. The Institute for Supply Management (ISM) said U.S. manufacturing grew for the first time in 1-1/2 years in March as production rebounded and new orders increased, although employment at factories remained subdued and prices for inputs pushed higher. The rebound ended 16 straight months of contraction in manufacturing, which accounts for 10.4% of the economy. That was the longest period of shrinking since August 2000 to January 2002. The dollar index, which measures the U.S. currency against six rivals, was 0.469% higher at 104.97. Markets on Monday lowered their bets on the Federal Reserve cutting rates in June, after earlier boosting the odds when a readout on Friday showed easing U.S. prices, the CME FedWatc
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