MW: Dollar stays up after factory, foreign inflow data
By Deborah Levine
NEW YORK (MarketWatch) -- The U.S. dollar added to gains versus the euro on Tuesday after a report showed the output of the nation's factories, mines and utilities rose 0.1% in October, less than expected by economists surveyed by MarketWatch. Capacity utilization -- a gauge of slack in the economy -- rose to 70.7% last month from 70.5% in September. The euro declined to $1.4872, down from $1.4972 in North American trade late Monday. The dollar index (DXY 75.31, +0.47, +0.63%) , which tracks the U.S. unit against a basket of foreign currencies, rose to 75.347 from 74.908 late Monday, after touching a 15-month low. The dollar took little direction from a Treasury Department report showing net foreign purchases of long-term U.S. securities increased to $40.7 billion in September from $34.2 billion in August. The greenback was reversing some of the deep plunge made on Monday after a speech from Federal Reserve Chairman Ben Bernanke prompted a big rally in riskier assets.
