Dollar weakens ahead of US macroeconomic data release

The U.S. dollar has weakened against other major global currencies ahead of the release of U.S. macroeconomic data, which the Federal Reserve considers when setting monetary policy.

The euro rose against the dollar to $1.1493, compared with the previous close of $1.1483, while the dollar fell to 153.52 yen, down from the prior close of 153.66 yen, according to trading data.

The dollar index, which measures the currency against a basket of six major trading partners, decreased by 0.08%, reaching 100.13.

Analysts note that the number of jobs in U.S. private companies increased by 25,000 in October, while the country’s services sector business activity index rose to 50.8% in October, up from 50% in September.