Dollar Drops Vs. Counterparts After NAPM Report

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The dollar dropped against the euro and the yen after an index of U.S. manufacturing fell to its lowest level in a decade.

According to data from the National Association of Purchasing Management, U.S. manufacturing contracted for the 15th consecutive month in October.

Following the release of the report, the greenback fell to 90.58 cents per euro from 90.05 Wednesday. The dollar slid to 121.38 yen from 122.42 in the prior session. The British pound reached $1.4680, up from $1.4570 previously. The euro fetched 110.23 yen.