RTTN: Dollar Declines Amid Philly Fed Manufacturing Survey Results
Philadelphia Federal Reserve's manufacturing survey results released at 10 am ET showed that the manufacturing index based on the survey dropped to 5.8 in January compared to 8.1 in December. Economists had expected the headline index to come in at 6 in the month.
The US dollar edged lower against its major opponents after the report. As of 10:03 am ET, the greenback was trading at 89.31 against the yen, 1.3354 against the euro, 0.9338 against the Swiss franc and 1.5974 against the pound
