Dollar stays somewhat lower

Dec 01, Forex: The dollar stayed somewhat lower against all major currencies this Tuesday, however managed to stay close to an eight-month peak as investors are expecting positive news from the release of U.S. manufacturing data by Federal Reserve in the month of December.

USD/JPY stood at 123.16.

Markets were highly strung after the data release of China’s manufacturing purchasing managers’ index on Tuesday which dipped to 49.6 from 49.8 of last month. Experts predicted this index to remain unchanged.  

If we talk about Euro, the sentiment remained moving though as the ECB has given signals in past few weeks that it is ready for implementation of additional easing method to boost inflation and hence growth.

Greenback was stable against the pound (GBP/USD at 1.5066)and the Swiss franc (USD/CHF at 1.0296).