Thursday, July 10, 2014





Dollar falls against euro on US manufacturing data


February 19. 2013 5:32PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) The dollar is falling against the euro after manufacturing in Philadelphia and New York fell this month.


The possibility of more stimulus for Japan's economy pushed the yen to a nearly seven-month low against the dollar.


The euro rose to $1.2778 in afternoon trading from $1.2745 late Wednesday.


The Federal Reserve Bank of Philadelphia says its manufacturing index was at minus 10.7, a five-month low. That's down from a reading of 5.7 in October. The Federal Reserve Bank of New York says its index was at minus 5.2, slightly better than October. Negative readings signal contraction.


The dollar jumped to 81.45 yen, its highest point since April 25. A prime minister candidate in Japan wants the Bank of Japan to cut interest rates to zero or below.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds