Forex News – Dollar falls after ISM Non-Manufacturing drops more-than-expected to 54.4
Posted on October 3, 2013 at 2:25 pm GMTThe dollar dropped against the yen and against the euro after US economic data showed the ISM non-manufacturing PMI index fell to 54.4 in September, from 58.6. The decline was more than the forecast of 57.4 and prior 58.6. Also, the employment component of ISM fell to 52.7 from 57, the lowest since May. The business activity index was an even larger downside surprise, falling to 55.1 from 62.2, versus the anticipated 60.0. USDJPY fell to 97.33 a few minutes [..]