USD Rally Slowed

USD fading due to weak Philadelphia Fed data.

The USD index measures the strength of the dollar versus the other major currencies. It was down .36% to 94.44 as of 3:17 PM EST on Thursday from a high of 95.22. This was due to the Philadelphia Fed saying that their manufacturing index fell to 19.9 from 28.9 last month. These were much worse than the estimated 28.9.

This data had a big effect on the dollars pairs. EUR/USD is up .39% on the day. USD/JPY is down .42%. Even USD/MXN is down .46%.