Daily Forex Commentary for November 3, 2009

November 2nd, 2009 • Related • Filed Under




November 3, 2009

U.S. Dollar Picks Up Strength Late, but Still Finishes Mostly Lower

The U.S. Dollar was generally weaker during the New York session following the release of a better than expected ISM Factory Report. The report showed that manufacturing was increasing faster than expected. The factory index rose to 55.7% in October. This was up from 52.6% in September and above the pre-report estimate of 53%. The only dark spot in the report was the decline in new orders to 58.5%. It was still above …
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