(Bloomberg) -- The dollar traded little changed
against the euro and yen before a Federal Reserve report forecast
to show manufacturing accelerated in the Philadelphia region,
helping the economy rebound from the slowest pace in four years.
The U.S. currency pared most of its gains versus the euro as
yields on U.S. Treasuries erased an advance, dimming the allure
of dollar-denominated assets. A government report showed more
Americans than forecast filed first-time claims for unemployment
benefits last week, suggesting the labor market may be cooling.
Read more at Bloomberg Currencies News
against the euro and yen before a Federal Reserve report forecast
to show manufacturing accelerated in the Philadelphia region,
helping the economy rebound from the slowest pace in four years.
The U.S. currency pared most of its gains versus the euro as
yields on U.S. Treasuries erased an advance, dimming the allure
of dollar-denominated assets. A government report showed more
Americans than forecast filed first-time claims for unemployment
benefits last week, suggesting the labor market may be cooling.
Read more at Bloomberg Currencies News
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