(Bloomberg) -- The dollar traded little changed
against the yen and euro after a Federal Reserve report showed
manufacturing in the Philadelphia area accelerated in June at the
fastest pace in more than two years.
The U.S. currency's advance after the data's release was
limited. Yields on two-year Treasuries erased an advance on
concern losses at hedge funds run by Bear Stearns Cos. may
increase, dimming the allure of dollar-denominated assets.
Read more at Bloomberg Currencies News
against the yen and euro after a Federal Reserve report showed
manufacturing in the Philadelphia area accelerated in June at the
fastest pace in more than two years.
The U.S. currency's advance after the data's release was
limited. Yields on two-year Treasuries erased an advance on
concern losses at hedge funds run by Bear Stearns Cos. may
increase, dimming the allure of dollar-denominated assets.
Read more at Bloomberg Currencies News
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