Monday, 17 September 2012

USD Sinks vs JPY After Empire State Miss


NY Fed's September manufacturing survey misses big for the second month in a row. The dollar fell to $78.32 against the yen from $78.34 just before the release. The NY Fed data was not pretty, with the index worsening to -10.41 in September after falling by -5.85 in August. Economists expected a reading of zero.

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