Encouraging US Data Lifted Greenback and Yields. Investors Await ECB Meeting

Strong US ISM services data sent the US dollar and the Treasury yields higher, pressuring the stock market. Wall Street slipped with the DJIA and the S&P 500 indices losing -0.13% and -0.28% respectively. Ahead of the ECB meeting, there have been talks about management of the euro with Italy’s Finance Minister suggesting that the ECB should rein in the euro.

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Encouraging US Data Lifted Greenback and Yields. Investors Await ECB Meeting