The Institute
for Supply Management U.S.
manufacturing index rose to 59.0 for the month of August, demonstrating its the
strongest level since March 2011 - levels above 50 indicate
growth. The 10-year U.S. Treasury posted its biggest daily rise in a
month up to 2.419 percent.
The U.S. dollar is gaining ground against the euro, moving up 5% versus the euro since the start of the year. The European economy is hampered with concern and uncertainty between Ukraine and Russia, causing a drag on consumer confidence levels. This might lead to more investors selling euros and purchasing dollars.
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