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Dollar Rallies Despite Sharp Drop in Service Sector ISM

Discussion in 'Fundamental Analysis' started by ActionForex.com, Feb 5, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    The US dollar went on a wild ride today on the back of the ISM Non-Manufacturing report. Even though ISM fell to the lowest level in 7 years, the dollar strengthened against every major currency. Compounding the losses however were weak economic data from the Eurozone and lower commodity prices.

    complete article here...

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