The euro EURUSD, +0.0000% rose to $1.1319 late Monday in New York, compared with $1.1308 late Friday, after the Empire State general business conditions index plummeted to a reading of negative 9 for early May, down from 9.6 in April.
That data weighed on global stocks and some emerging-market currencies, including the South African rand USDZAR, -0.3073% and Turkish lira USDTRY, -0.3359% market strategists said. Another notable exception to Monday’s broad-based dollar weakness was the yen. The greenback USDJPY, -0.04% bought ¥108.97 late Monday in New York, compared with ¥108.65 late Friday.
New York-traded crude oil futures CLM6, +1.07% settled at $47.72 a barrel, up 3.3% on the day. The rise helped support commodity-linked currencies like the Russian ruble, Canadian and Australian dollars against the greenback.
One dollar USDRUB, -0.0111% bought 64.88 rubles late Monday, compared with 65.21 rubles late Friday in New York.
The ICE U.S. Dollar index DXY, -0.12% a measure of the buck’s strength against a basket of rival currencies, was down less than 0.1% to 94.5640.
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