Asian Session: RBA Shifts Tone

August 4th, 2009 • Related • Filed Under




G10 Advancers and Decliners vs USD
JPY 0.28
EUR -0.08
GBP -0.15
CHF -0.23
The Dollar dropped heavily after manufacturing data from Europe and UK posted better than expected readings. The German PMI rose to 45.7 against expectations of 45.2 and the UK PMI figure rose to 50.8 against expectations of 47.7. The US ISM Manufacturing Index rose to 48.9 against expectations of 46.2 which was the highest in 11 months. The Dow Jones Index extended its rally boosted by positive…

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