MW: Dollar stays down after ISM unexpectedly falls
NEW YORK (MarketWatch) -- The dollar remained lower versus major rivals on Wednesday after the Institute for Supply Management's index on the non-manufacturing sector unexpectedly fell to 50.6 in October, from 50.9 in September. Analysts surveyed by MarketWatch expected the gauge to rise to 51.5. The dollar index (DXY 76.03, -0.35, -0.46%) , which tracks the U.S. currency against a trade-weighted basket of major rivals, traded recently at 75.861, down from 76.369 in North American trade late Tuesday. The U.S. currency was under pressure from an earlier report from ADP that showed private employers cut fewer jobs last month than in September. Still to come later in the session is the end of the Federal Reserve's policy meeting.
