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USD losing ground slightly on poor US ISM

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    On Tuesday, the dollar fell prey to limited profit taking against the euro. There were already tentative signs of dollar softness in Asia. The USD correction accelerated temporary as the ISM of the manufacturing sector dropped below the 50 boom-or-bust mark. However, investors remain reluctant to really change course on the recent EUR/USD decline ahead of the ECB meeting. EUR/USD closed session at 1.0633 up from 1.0565 on Monday. The decline of USD/JPY was modest as US equities performed well.

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