Cornelius Luca // New York, July 25 (BridgeNews) - The greenback slipped broadly on the open, mostly against the sterling and the euro. Additional evidence of deterioration in the U.K.'s manufacturing sector has not prevented the pound from rallying to a five-day high of $1.4284. Technical demand, encouraged by recent positive euro-zone data, vaulted the single currency to a two-month high of 88.00 cents.
The dollar will likely grind lower on Wednesday.
Dollar/Swiss franc replicated with a decline to a three-month low of 1.7118, while dollar/yen fell for the second consecutive day within Friday's range. Dollar/Canada edged down to a six-day low of 1.5360.
Traders will take little comfort from the economic agenda which Wednesday features only the June existing home sales, an indicator that doesn't affect the FX markets.

Current Previous Change Global Global
NY open NY close low high

USD/JPY 123.89 124.07 -0.18 123.83 124.48
EUR/USD 0.8792 0.8744 0.0048 0.8716 0.8800
EUR/JPY 108.90 108.45 0.45 108.36 108.99
GBP/USD 1.4278 1.4225 0.0053 1.4194 1.4284
USD/CHF 1.7126 1.7210 -0.0084 1.7118 1.7280
USD/CAD 1.5371 1.5398 -0.0027 1.5360 1.5405
AUD/USD 0.5061 0.5094 -0.0033 0.5063 0.5100