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USD/CAD Sinks Further On Weak US Data

Discussion in 'Technical Analysis' started by Kaitlin, Sep 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The US dollar was pummeled on Tuesday after the US ISM non-manufacturing PMI data for August was released. This data showed a significantly slower-than-expected expansion at 51.4 against prior expectations of 55.4, and a sharp drop from the previous month’s 55.5. This August PMI for the critically-important US services industry[​IMG]

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