Dollar fails to profit from rebound in manufacturing ISM
On Monday, the long list of business confidence indicators was not able to give currency trading a clear direction. At the end of the day, EUR/USD was slightly higher despite a reasonably good US ISM. Sterling also failed to profit from a further improvement in sentiment. The Aussie dollar declined this morning as the RBA is quite happy with the recent depreciation.
Read the full report: FX Daily
KBC