NEW YORK, July 3 (Xinhua) -- The U.S. dollar eked out a marginal gain on Monday even the U.S. manufacturing sector continued to be under pressure in June, with the manufacturing purchasing managers' index (PMI) dropping to 46 from 46.9 in May.
The dollar index, which measures the greenback against six major peers, rose 0.07 percent to 102.9857 in late trading.
The U.S. manufacturing PMI read 46 percent in June, 0.9 percentage points lower than the 46.9 percent recorded in May, according to data issued by the Institute for Supply Management (ISM) on Monday.
Regarding the overall economy, this figure indicates a seventh month of contraction after a 30-month period of expansion, said the ISM in a report.
According to the report, the new orders index remained in contraction territory at 45.6 percent, 3 percentage points higher than the figure of 42.6 percent recorded in May. The production index reading of 46.7 percent is a 4.4-percentage point decrease compared to May's figure of 51.1 percent.
Meanwhile, the prices index registered 41.8 percent, down 2.4 percentage points compared to the May figure of 44.2 percent. The backlog of orders index registered 38.7 percent, 1.2 percentage points higher than the May reading of 37.5 percent. The employment index dropped into contraction, registering 48.1 percent, down 3.3 percentage points from May's reading of 51.4 percent.
The final reading of the eurozone manufacturing PMI declined from 44.8 in May to 43.4 in June, compared to analyst consensus of 43.6, according to data issued by S&P Global on Monday.
"Manufacturing in the eurozone has now contracted for 12 straight months and the PMI reading was the lowest since May 2020. Customer demand has fallen sharply and manufacturing employment declined in June for the first time since January 2021," noted Kenny Fisher, senior market analyst at OANDA, a supplier of online multi-asset trading services.
These latest numbers indicate that manufacturing is in trouble, but this is nothing really new and the euro shrugged off the weak numbers, said Fisher.
In late New York trading, the euro was up to 1.0912 dollars from 1.0911 dollars in the previous session, and the British pound fell to 1.2690 dollars from 1.2693 U.S. dollars in the previous session.
The U.S. dollar bought 144.7190 Japanese yen, higher than 144.2930 Japanese yen of the previous session. The U.S. dollar increased to 0.8964 Swiss francs from 0.8951 Swiss francs, and it was up to 1.3252 Canadian dollars from 1.3239 Canadian dollars. The U.S. dollar rose to 10.8286 Swedish Krona from 10.7869 Swedish Krona.
