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US Dollar Falls on Stock Market Gains

Posted by Scott Boyd at 2:36 pm UTC, 10/05/2009

Investors abandoned the dollar today as the Institute of Supply Management Index rose to 50.9 from 48.4 in August, prompting gains in New York and Toronto today. By 2:30 PM New York time, the DOW rose nearly 95 points to 9582.14, while the TSX Composite rose more than 150 points to 11,112.28.

Bloomberg

Filed under: Forex Round Up, USD, EUR, CAD

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Forex Rates
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February
10
Today’s Global
Market Events
8:30 am
CAD
Trade Balance
0.7B vs. 1.1B
USD
Trade Balance
-48.1B vs. -47.8B
9:55 am
USD
Prelim UoM Consumer Sentiment
74.4 vs. 75.0
USD
Prelim UoM Inflation Expectations
3.3%
12:30 pm
USD
Fed Chairman Bernanke Speaks
12:50 pm
USD
FOMC Member Pianalto Speaks
2:00 pm
USD
Federal Budget Balance
-58.5B vs. -86.0B