Tuesday, May 3, 2011

Data from the ISM in the U.S. have deteriorated, but prices remain strong

The April survey showed that the price component remains strong despite the overall fall in the indicator from 61.2 to 60.4 - not so much as the market expected. Nevertheless, the decline in the manufacturing indicator to levels close to the January, has led to a weakening of the dollar in the afternoon, allowing the EUR / USD to go to 1.4870. The second month in a number of new orders component of the incident.

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