managers index: The euro was at 1.1446-1447, down from 1.1497-1497, and at 124.69-69, down from 125.03-03. ; After trading around 108.80-90 in early trading, the dollar rose above 108.90 as the benchmark 225-issue Nikkei stock average moved on a firm note, according to The Japan Times. The greenback dropped below 108.80 in midmorning trading, pressured by a drop in the Nikkei and weak readings of the Chinese manufacturing industry purchasing managers' index for January, traders said. At 5 p.m., the dollar stood at 108.93-94, up from 108.72-72 at the same time on Thursday. The dollar resurfaced above 108.90 around noon on the back of strong stock performances in other parts of Asia. It briefly rose to near 109 thanks to late purchases. The U.S. currency moved mostly around 108.80-90 in the afternoon, as selling on rallies weighed on the dollar's upside.
(news.financializer.com). As
reported in the news.
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