Dollar wobbles

Published July 18, 2008

LONDON, July 17: The dollar wobbled against the euro on Thursday on weak US manufacturing and employment data after gaining ground on better-than-expected results from the bank JPMorgan Chase.

The single European currency in late-day trade was at $1.5866 after $1.5821 late Wednesday.

The dollar was meanwhile stronger against the yen, at 105.78, up from 105.12 on Wednesday.

The dollar turned softer against the euro following publication of an index measuring industrial activity in the mid-Atlantic region showing a rise to minus 16.3 points in July from minus 17.1 in June -- but analysts had expected a gain to minus 15. Negative readings signal a contraction in activity.—AFP

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