MW: Dollar index regains steam after Philly Fed data
By Nick Godt
DXY
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NEW YORK (MarketWatch) -- The dollar regained a bit of ground early Thursday, after news a manufacturing index in the Philadelphia region fell more than expected in July. The dollar index (DXY 79.40, +0.08, +0.10%) , which measures the U.S. unit against a basket of six major currencies, stood at 79.345, compared with 79.241 ahead of the data. The Philadelphia Federal Reserve said its manufacturing index fell to negative 7.5 this month from negative 2.2 in June. Analysts surveyed by MarketWatch expected the index to read negative 3.3.
