4/2/2008 4:44:35 PM The US currency slumped to new multi-year lows versus the Peru's Nuevo sol and weakened against its Brazilian, Mexican and Colombian counterparts in New York trading on Wednesday. However, the greenback edged up against the Chilean peso.Orders for manufactured goods fell more than economists had been excepting in February, according to a report released by the Department of Commerce on Wednesday. The report showed that new orders for manufactured goods fell 1.3 percent in February following a revised 2.3 percent decrease in January. Economists had expected orders to fall 0.7 percent compared to the 2.5 percent decrease originally reported for the previous month.Payroll processor ADP announced its monthly employment report 8:15 am Eastern Time, indicating private sector employment was up 8,000 in March versus a revised decline of 18,000 in February. Economists expected a decline of about 30,000 jobs compared to the decrease of 23,000 jobs originally reported for February. During early New York trading on Wednesday, the US currency weakened against its Brazilian counterpart. After moving sideways, the dollar ticked down around 8:15 am ET against the real and touched a 9-day low of 1.7210 by about 4:20 pm ET. As of now, the pair is worth 1.7255.During New York afternoon deals on Wednesday, the US dollar reversed from morning session's 2-week low against its Chilean counterpart. At about 1:25 pm ET, the pair climbed to 438.15 from morning session's 2-week low of 434.95. Currently, the pair is worth 437.18.The US dollar that closed yesterday's trading at 10.5644 against the Mexican peso, weakened to 10.5433 by about 11:45 am ET, Wednesday. This set a lowest point for the pair since March 02, 2006. Thereafter, the dollar has strengthened slightly and is now trading near 10.57. The dollar has been weakening against the peso for the past two days.Against the Colombian peso, the dollar weakened on Wednesday New York trading. The pair dropped to 1823.50 by about 9:10 am ET, compared to yesterday's close of 1831.50. As of now, the pair is trading at 1825.00.The US currency edged down against Peru's Nuevo Sol during New York afternoon trading on Wednesday. The pair dropped to a new multi-year low of 2.7205 at about 4:17 pm ET, versus Tuesday's New York session close of 2.7488.Forex - Dollar Bounces Back From Multi-year Low Against Mexican Peso [USD/MXN]4/2/2008 4:41:32 PM After hitting a new multi-year low at noon ET, the dollar bounced back against the Mexican Peso during Wednesday afternoon trading in New York. At about 3:50 pm ET, the dollar reached 10.5870 against the Mexican peso, up from a low of 10.5433. The pair closed yesterday's deals at 10.5644. As of now, the dollar is quoted at 10.5735 versus the Mexican Peso.
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