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Tuesday, October 17, 2006

Dollar Dips in news of Industrial Production

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The dollar dipped early in New York on news that industrial production dropped more than expected in September. Industrial production fell 0.6% versus an expected 0.1% drop while capacity utilization fell 0.6% to 81.9% versus a consensus of 82.2%.
The euro stood at $1.2544 from $1.2534 late Monday, while the dollar was at Y118.62 from Y119.11 late Monday.
The euro was at Y148.83 from Y149.28 late a day ago.
The dollar was trading at CHF1.2664 from CHF1.2709 and sterling was fetching $1.8710 from $1.8512 late Monday.

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