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Dollar Index Inches Higher as Aussie, Kiwi Gain

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The dollar inched higher on Wednesday and remained near a 14-year high against other major currencies. The Aussie and kiwi, meanwhile, gained despite downbeat data out of Australia.

Investors are awaiting the release of U.S. data due later in the day. The greenback remains supported by optimism over the U.S. economy and a potential rate hike in December.

The euro weakened 0.16% against the dollar to trade at 1.0608.

Markit, a research group, said its euro zone composite PMI, which measures the combined output of the service and manufacturing sectors, climbed to 54.1 in November from 53.3 in October. Analysts were expecting no change in the reading.

France’s manufacturing PMI fell to 51.5, a two-month low, this month from 51.8 in October. The services PMI climbed to 52.6, a two-month high.

Germany’s manufacturing PMI was down to 54.9 in November from 55 the previous month. The services PMI was up to 55, a six-month high.

The pound was lower against the U.S. dollar, trading at 1.2382.

Against the yen, the greenback slipped to 110.99, down 0.15%. The pair hit a six-month high of 111.4 at the start of the week.

USD/CAD remained virtually unchanged at 1.3447. USD/CHF was also steady at 1.0116.

The dollar index gained 0.08% to 101.17, hovering near Friday’s 14-year high of 101.54.

Elsewhere, the Aussie and kiwi climbed higher despite disappointing data out of Australia.

The Australian dollar was up 0.49% against the dollar to trade at 0.7438. The New Zealand dollar gained 0.21% against its U.S. counterpart, trading at 0.7078.

The Australian Bureau of Statistics reported that completed construction work declined by 4.9% in the third quarter. Analysts were expecting a decline of just 1.7%.

In the second quarter, completed construction work was down by 3.1%, revised from an initial report of a 3.7% dip.

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 Jacob Maslow offers clients effective digital marketing insights that enhance website visibility and improve SEO as an online marketing consultant at Consultwebs. His approach marries creativity to numbers to show significant ROI for marketing efforts. This Brooklyn native has spent years helping skilled professionals, including medical and legal professionals rank for relevant search terms.
Clients attain their marketing objectives with Maslow. He has helped boutique law practices in crowded markets rank No. 1 in Google ranking. His efforts doubled the revenue for Allergy Be Gone's non-Amazon sales to $4 million annually. SEO ranking and revenue growth are prioritized when Maslow consults with prospects and long-term clients. Maslow has over a decade of experience implementing SEO practices and running successful marketing campaigns.
In addition to working with clients in various fields, but often with those in legal, financial and medical areas, he is an author, offering his expertise to those seeking to improve their engagement with online audiences. Read what Maslow has to share with eager audiences on business.com and business2community.com, including recent articles: "4 Mistakes You Can Correct Today to Be a Social Media Superstar" and "6 Things SEO Can't Do for Your Business."
Maslow puts his connections to work for clients. He founded many news sites including: Forex Binary News; eThailand; Key Investing; Rapid News Network and StreetWise Journal. Jacob Maslow stays busy as owner of Legal Scoops, Daily Forex Report, Investing Alerts and bestportablechargerz. Feel free to seek his advice on Facebook, Quora and Slideshare or contact Jacob Maslow directly.
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 Jacob Maslow offers clients effective digital marketing insights that enhance website visibility and improve SEO as an online marketing consultant at Consultwebs. His approach marries creativity to numbers to show significant ROI for marketing efforts. This Brooklyn native has spent years helping skilled professionals, including medical and legal professionals rank for relevant search terms. Clients attain their marketing objectives with Maslow. He has helped boutique law practices in crowded markets rank No. 1 in Google ranking. His efforts doubled the revenue for Allergy Be Gone's non-Amazon sales to $4 million annually. SEO ranking and revenue growth are prioritized when Maslow consults with prospects and long-term clients. Maslow has over a decade of experience implementing SEO practices and running successful marketing campaigns. In addition to working with clients in various fields, but often with those in legal, financial and medical areas, he is an author, offering his expertise to those seeking to improve their engagement with online audiences. Read what Maslow has to share with eager audiences on business.com and business2community.com, including recent articles: "4 Mistakes You Can Correct Today to Be a Social Media Superstar" and "6 Things SEO Can't Do for Your Business." Maslow puts his connections to work for clients. He founded many news sites including: Forex Binary News; eThailand; Key Investing; Rapid News Network and StreetWise Journal. Jacob Maslow stays busy as owner of Legal Scoops, Daily Forex Report, Investing Alerts and bestportablechargerz. Feel free to seek his advice on Facebook, Quora and Slideshare or contact Jacob Maslow directly.

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