USD moving lower after string of weaker data ...Middle East

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US stocks opened lower and are going even lower after some weaker data. The S&P global manufacturing PMI was we can expected followed by the ISM PMI data also coming in lower. Construction spending completed the hat-trick with lower than expected results. The poor economic data has the two year down -7 basis points at 3.856%, the tenure down 8.0 basis points at 3.831%, and the 30 year down -7.3 basis points at 4.123%.The US stocks are also not taking the data well with the Dow industrial average down close to -500 points and the NASDAQ index tumbling by 306 points or 1.73%. The S&P index is down -1.31%.Looking at the US dollar:USDJPY moved to a new session low and broke below the 100-hour mo

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Last updated : 03 September 2024 clock 05:28 PM

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USD moving lower after string of weaker data ...Middle East

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