US Session – Dollar weakens after disappointing ISM data
Posted on April 1, 2013 at 7:10 pm GMTThe dollar was broadly weaker on Monday, accelerating declines after disappointing US manufacturing data. The Institute for Supply Management (ISM) index of factory activity dropped in March to 51.3 from 54.2, missing estimates of a reading of 54.2 points. The soft data ended the recent enthusiasm in the dollar, which had enjoyed a sharp rally as evidence mounted that the US economy is on a stable path to recovery. Dollar fell against the yen to 95.15 yen, down 0.9 percent [..]