Wednesday, October 1, 2014

Daily Report: Dollar Retreated after Weak Data, ECB to Provide Details on ABS Purchases

Dollar retreated broadly overnight after weaker than expected manufacturing data. The ISM manufacturing index dropped to 56.6 in September versus expectation of 58.5. It should also be noted that the employment component dropped rather sharply from 58.1 to 54.6. The ADP employment report was solid though, showing 213k growth in



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