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Dollar Pulls Back Vs. Euro After Philly Fed Report


The dollar lost an early gain against the euro after the Federal Reserve Bank of Philadelphia said manufacturing in the mid-Atlantic region contracted more than economists expected in October.

The dollar recently traded at 90.35 cents per euro, little changed from 90.36 in the prior session. The U.S. currency was as high as 90.25 cents before the report was released. The British pound dropped to $1.4443 from $1.4474 after a report showed U.K. retail sales slowed in September. The greenback was stronger against the yen.

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