USD at lower levels

USD remained at lower levels  against other major currencies on Monday after data showed that manufacturing activity in the US has increased by the slowest pace in more than two years.

PMI index fell to 50.1 from 50.2 in September, as the expected result  for October was of 50.0.

EUR/USD remained largely unchanged during the day and closed at 1.1015.

The data on Monday showed that the growth of the manufacturing sector in the euro zone rose in October, jumping to 52.3 in comparison with its level of 52.0 in September.

GBP/USD closed at 1.5414, while USD/CHF ended the day at 0.9867.

The British pound was supported during the day from data on manufacturing PMI, which posted the highest score of 55.5, compared with the previous month, when the index showed 51.8.

The dollar remained stable against the yen, USD/JPY closed the session at 120.74, while the Australian and New Zealand dollar closed the day respectively of 0.7145 and 0.6743.

At the same time, USD / CAD rose by 0.09% to 1.3092.

US dollar index fell to 96.92, as gold also closed lower at a price of 1133.28 dollars per ounce.

We should pay particular attention to the data on non-agricultural sector on Friday for further guidance on the likelihood of an increase in interest rates in December.