US economy and Foreign Exchange Market The US dollar was mixed against the majors in New York as traders reacted to the lackluster US economic data.
The Philly Fed Index that gauges manufacturing activity in Philadelphia and surrounding regions declined unexpectedly in February to 11.4, a lowest reading since July of 2003. Current number was well below January's reading of 23.9 as s sharp decline in prices paid component and insignificant decline in employment component led the index lower.
An index of leading US economic indicators rose in February by 0.1 percent, versus a 0.3 percent decline in January, posting a third gain in over four month as US economy added more jobs and stock market rallied.
The US dollar was quoted at 1.3370-73 against the euro, 1.9223-27 versus the pound and 104.63-67 against the Japanese yen at 02:00 GMT.
Wall Street remained virtually unchanged as gains in a numbered of sectors were outweighed by recode high oil prices.
The Dow Jones Industrial Average fell 6.72, or 0.1 percent, to 10,626.35. The Standard and Poor's 500 index rose 2.14, or 0.2 percent, to 1190.21. The NASDAQ Composite Index added 0.67 to 2016.42.
Viacom's Class B shares gained 72 cents to $36.72 after the company announced a possible split of company divisions.
Shares of Time Warner rose 50 cents to $18.6 on speculation that the world's biggest media company may follow Viacom in splitting its operations.
EchoStar Communications Corp climbed 81 cents to $29.64 after the second-largest U.S. satellite-television broadcaster poster blockbuster quarterly results.
GM extended its decline for the second straight day, 66 cents to $28.35 as company's stock was hammered by a number of downgrades.
Toys ``R'' Us, the second-largest U.S. toy seller, advanced $1.23 to $26 after the company agreed to be acquired by a number of private equity funds.