US dollar trades mixed

New York, Sep 2 (IANS) The US dollar traded mixed against other major currencies amid renewed turbulence in global equity markets.

US stocks extended losses on Tuesday as the broad-based sell-off around the world rattled nervous investors, Xinhua news agency reported on Wednesday.

Chinese shares slumped on weak economic data. European stocks also traded sharply lower as the falls across the board weighed on market sentiment.

Following the global rout, The greenback dropped against the safe-haven Japanese yen for a second day on Tuesday.

The dollar index, which measures the greenback against six major peers, was down 0.44 percent at 95.405 in late trading.

The US August manufacturing PMI registered 51.1 percent, missing market consensus of 52.8 percent and a decrease of 1.6 percentage points from the July reading of 52.7 percent, said the Institute Supply Management (ISM) Tuesday.

The Commerce Department said the US construction spending in July was estimated at a seasonally adjusted annual rate of $1,083.4 billion (0.7 percent) above the revised June estimate, slightly below market expectations.

In late New York trading, the euro rose to $1.1309 from $1.1220 in the previous session, and the British pound dropped to $1.5316 from $1.5349 in the previous session.

The Australian dollar inched down to 0.7041 dollar from 0.7121 dollar.

The US dollar bought 119.69 Japanese yen, lower than 121.20 yen of the previous session.

The greenback dived to 0.9607 Swiss franc from 0.9675 Swiss franc, and increased to 1.3181 Canadian dollars from 1.3179 Canadian dollars.

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