Dollar Retreats From Haven Gains After Weak Manufacturing Data

The dollar pulled back from its strongest level in two weeks after a reading of US manufacturing activity shrank last month by the most since 2024, wiping out gains seen after the US capture of Venezuela’s President Nicolás Maduro.

The Bloomberg Dollar Spot Index fell about 0.1% as of 4:00 p.m. in New York. Earlier, the measure advanced to its strongest mark since Dec. 22 following the US action against Venezuela, prompting investors to consider the fallout to currencies linked to global oil and commodity markets. The Mexican peso fell in the immediate aftermath but recovered in later trading. The Canadian dollar lagged major peers.