The ISM Manufacturing Index Was Good &Nbsp; The US Dollar Index Rose Slightly On Monday.

On Monday morning, Beijing time, the US dollar fell against a variety of major currencies in early trading on Monday.

American Association for supply management, then.

Earlier on Monday, the US Department of commerce data showed that the US personal income in September has decreased, while consumer spending has increased in the same period.

The dollar exchange rate began to narrow down after the report came out.

Analysts pointed out that personal income and consumption expenditure showed signs of conflict, which made foreign market participants hesitate to sell the dollar before the latest round of interest rate decisions of the Federal Reserve will be announced on Wednesday.

At the close of the foreign exchange market, the US dollar index for tracking six major currencies was 77.31 points, or 0.06%.

The euro fell to 0.06% against the dollar on Monday at $1.3887, while the euro's exchange rate was 1.3908 at the end of Friday. The pound gained 0.09% against the US dollar at 1.6033, while the US dollar rose to 80.56 yen, up 0.10%.

According to the US Department of commerce data released on Monday, consumption expenditure increased by 0.2% in September, and personal income decreased by 0.1%.

The report also pointed out that the core consumer price index excluding food and energy products in September was flat in August.

Michael Wolf J, a senior currency analyst at Mellon bank in New York, pointed out that "today's data once again verify the need for a considerable scale of quantitative easing measures".

Both inflation and unemployment need to be restored to a more acceptable level. "

The American Association for supply management reported on Monday that the association's manufacturing index in October was 56.9 points, higher than the index's September value of 54.4 points, and better than the market forecast of 54 points.

Allen Russell, head of G10 foreign currency strategy at Deutsche Bank, believes that the data of the supply management association has made the market participants generally recognize the fact that the size of the Fed's monetary easing measures may be far lower than the previous market expectations.

On the other hand, the market expectations of the next round of quantitative easing measures have been reflected in the current market pricing.

Since the end of September, the US dollar index has fallen by 2.1%, the euro has risen by 2.3%, and the US dollar to the Japanese yen has fallen by 3.9%.

In the Asian trading session earlier Monday, the US dollar rose to 81.55 yen against the yen.

However, according to the record of the automatic quotation system, the process is short and even escaped the tracking of almost all data acquisition systems.

Analysts said there was a rumor that the BoJ was about to intervene again in the market. However, due to lack of practical evidence, the US dollar's momentum did not last.

The Bank of Japan announced last week that it would advance the timing of regular interest rate decisions to Thursday and Friday two days after the Fed's regular meeting on Tuesday and Wednesday.

Fujii Chiko, senior exchange strategist at Bank of America Merrill Lynch, said: "at present, we should be concerned about whether the Bank of Japan will take a bold easing measure to match the Federal Reserve's possible quantitative easing project."

"We don't think the BoJ measures are strong enough to push the US dollar high enough, but it will stop the further decline of the dollar against the yen in the coming months," she said in a customer report on Monday.