Dollar index hits highest since 2002 after strong U.S. manufacturing data

(Reuters) - The dollar index rose to a new 14-year high on Tuesday after data showed U.S. manufacturing activity grew more than expected in November.

The dollar index <.DXY>, which tracks the greenback against six major world currencies, rose to 103.820, its highest level since December 2002 after construction spending rose to its highest level in 10-1/2 years and the institute for supply management reported manufacturing prices paid and purchasing managers' prices had also outpaced expectations.

The euro fell to $1.0342, its lowest against the dollar since 2002, after the data release.

(Reporting by Dion Rabouin)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• India says border peace critical to ties with China amid reports of military tensions
• Wisconsin Democrats choose David Crowley as nominee for governor, US media says
• Tencent Q2 revenue climbs 11% on AI-driven ad gains, but profit falls short