US Session – Dollar lifted by upbeat ISM data
Posted on March 5, 2013 at 7:46 pm GMTRisk appetite in the US session was high, pushing the Dow Jones Industrial Average to an all-time high and the Dollar Index traded at almost its highest level in six months. The dollar was lifted after a stronger-than-expected gauge of service-sector activity from the Institute for Supply Management (ISM), indicating the sector accelerated at its fastest pace in a year in February. The strong data led to speculation the Federal Reserve may have scope to reduce monetary stimulus earlier than [..]