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Dollar Starts 2009 Edging Higher

 

NEW YORK - The dollar kicked off 2009 by gaining against most of the other major currencies as a spate of negative reports out of Europe counteracted decades-low U.S. manufacturing data.

The euro slipped to $1.3928 in morning trading in New York Friday from $1.3954 late Wednesday in New York. U.S. markets were closed Thursday for a public holiday.

Slovakia on Thursday became the 16th country to adopt the common European currency.

Meanwhile, the British pound fell to $1.4499 from $1.4556 on New Year's Eve. ...

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