Manufacturing Index: Dollar and Tokyo Hours

manufacturing index: The euro was at 1.0918-0922, up from 1.0887-0891, and at 117.58-58, down from 117.96-97. ; In overseas trading Tuesday, the dollar dropped to levels around 107.70 on selling triggered by the U.S. Institute for Supply Management's manufacturing index for September slipping through the boom-or-bust line of 50, according to The Japan Times. After moving narrowly in early Tokyo hours, the greenback gradually rose toward noon on real demand-backed buying. At 5 p.m., the dollar stood at 107.67-68, down from 108.34-34 at the same time on Tuesday. But in late afternoon trading, it met with speculative selling by European players and fell back into a range around 107.60, traders said. The dollar also faced a headwind from U.S. President Donald Trump's criticism of the Federal Reserve after the release of the dismal index, a currency broker said. The manufacturing index's below-50 reading for the second straight month had a big impact, a market source said. (news.financializer.com). As reported in the news.