Dollar falls for fourth day in five versus euro

US - The U.S. dollar fell for a fourth day in five against the euro after a Federal Reserve report showed Philadelphia-area manufacturing unexpectedly contracted this month, the latest sign the U.S. economic recovery is slowing.

"The trend looks negative at this point, which won't be good for the dollar," said Ivka Kalus-Bystricky, European equity specialist at Independence Investment LLC in Boston, which has US$2-billion in non-U.S. stocks under management.

The Canadian dollar rose to US64.08

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