Asian Session: Waiting on the BoE & ECB

August 6th, 2009 • Related • Filed Under




G10 Advancers and Decliners vs USD
EUR -0.04
GBP -0.10
CHF -0.18
JPY -0.25
The Dollar gained against the major currencies as weaker economic data from the US lowered risk appetite amid expectations from the central bank (ECB, BOE) rate decisions due today. The ISM Non-Manufacturing Composite showed a reading of 46.4 lower than expectations of 48 while the factory orders rose 0.4%, a rise for the third straight month. The non-manufacturing sector which comprises of…

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Read more on European Central Bank (ECB) at Wikinvest

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