FOREX-Dollar extends losses vs yen after Phila Fed report

Thu Dec 20, 2007 12:08pm EST
 
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(Updates with reaction to Philly Fed index)

NEW YORK, Dec 20 (Reuters) - The dollar extended losses against the yen on Thursday after a survey of U.S. Mid-Atlantic manufacturing activity fell unexpectedly.

The dollar fell to 112.81 yen JPY= from 112.95.

The Philadelphia Federal Reserve's index of regional manufacturing was -5.7 in December, sharply down from 8.2 the previous month. Analysts had expected a reading of 6.0. (Reporting by Gertrude Chavez-Dreyfuss; Editing by James Dalgleish; )

 
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