cler_99
08-31-2005, 10:00 PM
The ISM index for the manufacturing industry was poorer than anticipated with a fall to 53.6 in August from 56.6 the prior month although the prices index rose strongly. The employment indior was subdued. The report will sabotage dollar assurance and the stage is set for a struggle on August lows around 1.2485 from the Euro. The payroll record will be critical in setting the dollar's destiny at 1.25, but penny investing appears dangerous at present levels.
Analysis provided by http://www.fxtoday.co.uk
Analysis provided by http://www.fxtoday.co.uk