{"id":33489,"date":"2020-09-02T15:33:52","date_gmt":"2020-09-02T11:33:52","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=33489"},"modified":"2020-09-02T15:34:12","modified_gmt":"2020-09-02T11:34:12","slug":"dollar-extends-gains-after-manufacturing-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/dollar-extends-gains-after-manufacturing-data\/09\/02\/market-updates\/","title":{"rendered":"Dollar Extends Gains After Manufacturing Data"},"content":{"rendered":"\n<p>The dollar extended gains made last night after positive US manufacturing data, while the Australian dollar took a hit when gross domestic product data on Wednesday confirmed that the country was experiencing a recession for the first time in three decades. Manufacturing activity in the US increased more than expected in August, with the increase in new orders.<\/p>\n\n\n\n<p>The dollar, which was on a path of losing losses, rose against a basket of currencies, stabilizing overnight and then expanding its gains in early trading in London. By 0712 GMT, it was up 0.3% at 92.511.<\/p>\n\n\n\n<p>The news also pushed Asian stocks higher overnight as European indices opened higher.<\/p>\n\n\n\n<p>On the other hand, the Australian dollar fell after the gross domestic product data, which came worse than expected, confirmed that the country&#8217;s economy contracted by 7% during the three months to June, making the country in its first recession in nearly three decades.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The dollar extended gains made last night after positive US manufacturing data, while the Australian dollar took a hit when gross domestic product data on Wednesday confirmed that the country was experiencing a recession for the first time in three decades. Manufacturing activity in the US increased more than expected in August, with the increase &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32051,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6934,6871],"class_list":["post-33489","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-dxy","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=33489"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33489\/revisions"}],"predecessor-version":[{"id":33490,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33489\/revisions\/33490"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32051"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=33489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=33489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=33489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}