Dollar Pares Losses as Factory Growth Is More Than Forecast During June

(Bloomberg) -- The dollar pared its losses versus the
euro and yen after a report showed U.S. manufacturing growth
exceeded economists' forecasts last month.

The Institute for Supply Management's manufacturing index
increased to 56 during June. The gauge was forecast to touch 55
for a second month, according to the median of 77 forecasts in a
Bloomberg News survey. Readings greater than 50 signal expansion.
The gauge hasn't been below 50 since January.


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