The Greenback sustained Monday’s gains against the Euro, as ISM manufacturing data showed better-than-expected figures.The US Dollar rose slightly against the European single currency by 7 base points to keep its stronger position, with the pair falling further below the 1.1720 level this morning.
The ISM stated that its index for the US manufacturing activity surged to 60.8 points in September, reaching the highest level in more than 10 years. Solid advances in ISM-reported figures to a certain extent reflected affects from Hurricanes. The report also showed an increase in its exports measure as producers benefited from the Dollar’s weakness, which made US supplies more attractive to overseas buyers.
