SubscribeUS Session: The Dollar Declines on the ISM Report, Combined with Positive Data from China and Germany
July 1st, 2009 • Related • Filed Under
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The dollar declined against majors as another green shoot from the ISM report prompted traders to move into higher-yields, buoyed by positive data rolled out from China and Germany. The EurUsd rose sharply by 110pips to 1.41, gaining support from the German retail sales number, which increased more than expected by 0.4% vs. -0.1% forecasted. The GbpUsd traded sideways in early trading, but rose… | ||||||||||||||||||||
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