Latest news on US Dollar Consolidation keeps on going
| The US dollar kept on merging on Wednesday, as the DXY index remained to a narrow range of 77.45-77.82, whilst the Japanese yen gained as edgy risk appetite pressured on US equities down. Data indicated that circumstances in US non-manufacturing division - which consists of about 70 % of total economic movement in the country and contains retail, services, and finance - worsened in July as the Institute for Supply Management index unpredictably dropped to 46.4 from 47.0 as the business movement, new orders, new export orders, and employment components all declined at a quicker pace. This was the 10th consecutive month that ISM kept positioning under 50, indicating a broad reduction in activity, and varies quite a bit from result from Monday. Read More Here
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