Macroeconomic data from the United States was significantly worse than traders have counted on, but it did not bother the US dollar which was able to profit from the risk-negative sentiment on the Forex market.
The Richmond Fed index of manufacturing activity sank from 14 in August to 0 in September. It was a complete (and frustrating) surprise to specialists who have anticipated an increase to 17. The Conference Board Consumer Confidence Index edged down to 79.7 in September down from 81.8 in August.
The reports did not bother the dollar to any noticeable degree. As in the previous year, the US budget problem caused uncertainty and fears. Forex traders tend to buy safer currencies in such conditions and they are doing so now.
EUR/USD fell a little from 1.3471 to 1.3465 as of 4:34 GMT today. GBP/USD dropped from 1.6001 to 1.5983. USD/JPY was flat at 98.68.
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