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Dollar Pulls Back as Oil Dives 6% — and EUR/USD Climbs Despite Weak German Retail Sales
A strong factory print that could not save the dollar The United States dollar pulled back on Monday, November 2, even though the day's main economic release beat expectations. The ISM Manufacturing PMI improved from 54.5 in September to 55.5 in October, against a forecast of 54.6 — a reading above 50 signals expansion, and a beat like that would normally support the currency. It did not,...
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