Members login
Daily Video Recap: Following Overnight Weakness, Surprise US Data Helps Greenback
Written by article default Thursday, 30 September 2010 12:24
The Chicago PMI came in much better than expected perhaps setting the stage for a better reading in tomorrow’s ISM Manufacturing PMI. Also jobless claims fell more than expected, and 2nd quarter GDP was revised higher. The positive news helped to stem overnight US Dollar weakness. In Europe, positive German employment data and the unveiling of more capital injections into Ireland’s troubled Anglo Irish Bank helped the Euro.