The DXY hit new 28-month lows of 91.75 during the overnight session, opening in N.Y. 91.85. The Dollar then rose modestly on short covering interest, then advanced to session highs following the better then expected August manufacturing ISM. The Dollar index hit a top of 92.38 following the data. Incoming U.S. data has remained largely positive, and should it continue, the USD’s steep slide seen over the past month’s could begin to abate. Wall Street rose again on Tuesday, leaving the NASDAQ and AS&P 500 at record levels.
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