Reuters
Dollar holds gains as U.S. manufacturing picks up, jobs data awaited
The dollar clung to minor gains on Wednesday, edging up from near a five-month trough versus major peers, as a pickup in U.S. manufacturing kept bets alive for a quicker normalisation of Federal Reserve policy. The dollar index, which measures the greenback against six rivals, hovered just below 90 after dipping to as low as 89.662 on Tuesday and approaching the lowest since Jan. 7 at 89.533. Sterling remained lower at $1.4135 after easing off a three-year high of $1.4250 reached on Tuesday, while the Canadian dollar traded at C$1.20675 per greenback after rallying to a fresh six-year peak of C$1.2007 overnight as oil prices rose.
