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

Markets Reuters

U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration (Copyright Reuters 2017)

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.

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The dollar index , 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)