Global Forex Market


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  • Saturday, 09 Mar 2019

THE dollar inched up 1.02% to 97.7 partly due to the resurgence of concerns on global slowdown and the better-than-expected economic release. As the trade talks between the United States and China seem to be stalled, positive economic releases for the week pushed the dollar close to the 97 level.

The ISM non-manufacturing PMI in February printed an increase to 59.7 from 56.7 with the new orders index jumping from 57.7 to 65.2, signalling non-manufacturing sectors are still going strong.

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