The U.S. dollar inched up on Wednesday in Asia despite worries about a slowing U.S. economy.<\/p>\n\n\n\n
The U.S. dollar index<\/a> inched up 0.1% even after a weak reading on American manufacturing added to concern about economic growth.<\/p>\n\n\n\n The report from the Institute for Supply Management showed the ISM’s manufacturing PMI fell to 47.8, its lowest level in 10 years. The weak data sent U.S. stocks lower overnight while Asian equities also traded lower in morning trade today.<\/p>\n\n\n\n The USD\/CNY<\/a> pair was unchanged at 7.1477. Celebrations marking 70 years of Communist rule in China were largely overshadowed by protests in Hong Kong, as a demonstrator was shot by police with a live round for the first time since political unrest began in June.<\/p>\n\n\n\n China\u2019s leader Xi Jinping said on Tuesday that the \u201cone country, two systems\u201d principle under which Hong Kong is managed must be upheld, and that \u201cthere is no force that can shake the foundation of this great nation.\u201d<\/p>\n\n\n\n \u201cNo force can stop the Chinese people and the Chinese nation forging ahead,\u201d he added.<\/p>\n\n\n\n The GBP\/USD<\/a> pair fell 0.2% to 1.2280. In the latest episode of the Brexit saga, U.K. Prime Minister Boris Johnson is set to reveal his final Brexit offer to the European Union later in the day. He made it clear that Britain will not negotiate further should the deal is being rejected by EU, and will leave on October 31.<\/p>\n\n\n\n \u201cMy friends, I am afraid that after three-and-a-half years people are beginning to feel that they are being taken for fools. They are beginning to suspect that there are forces in this country that simply don\u2019t want Brexit delivered at all,\u201d he will say, according to extracts released by his office.<\/p>\n\n\n\n \u201cLet\u2019s get Brexit done on October 31 so in 2020 our country can move on.\u201d<\/p>\n\n\n\n The USD\/JPY<\/a> pair gained 0.1% to 107.84.<\/p>\n\n\n\n The AUD\/USD<\/a> pair and the NZD\/USD<\/a> pair both inched up 0.1%.<\/p>\n","protected":false},"excerpt":{"rendered":" The U.S. dollar inched up on Wednesday in Asia despite worries about a slowing U.S. economy. The U.S. dollar index inched up 0.1% even after a weak reading on American manufacturing added to concern about economic growth. The report from the Institute for Supply Management showed the ISM’s manufacturing PMI fell to Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1793","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/comments?post=1793"}],"version-history":[{"count":1,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1793\/revisions"}],"predecessor-version":[{"id":1794,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1793\/revisions\/1794"}],"wp:attachment":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/media?parent=1793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/categories?post=1793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/tags?post=1793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}