MW: Dollar holds gains vs. euro after Philly Fed data
By Deborah Levine
DXY
75.8075.7075.6075.5075.40
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NEW YORK (MarketWatch) -- The dollar held onto gains versus the euro and other major currencies Thursday after a report on manufacturing activity in the Philadelphia Federal Reserve's region expanded at a weaker-than expected pace in October. The euro bought $1.4903, down slightly from $1.4916 in North American trade late Wednesday. The dollar index a measure of the greenback against a trade-weighted basket of currencies, traded at 75.539, compared to 75.513 Wednesday. The Philly Fed index declined to 11.5 this month from 14.1 in September. The U.S. currency was marginally higher in earlier trading after better-than-forecast data on jobless claims, consumer prices, and manufacturing in the New York area failed to lead stocks higher.
