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AUDUSD Jumps To 3-Week High On US ISM Data

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According to the Institute for Supply Management, manufacturing activity in the United States actually improved in August. But, the number isn't as positive as you might think. A closer look and the report supports the notion of weak economic growth in the world's largest economy. In regular market times this would have been bad for currencies like the Australian dollar. But, now, these kinds of results are what the market is looking for.

Taking a quick look at the manufacturing report, anyone can see that the results aren't as good as they seem.

Read the article here - http://forexalliance.com/2011/09/01/forex-minors/audusd-jumps-3-week-high-ism-data/

Posted-In: Forex Economics

 

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