Monday, April 2, 2007

Dollar down as investors look to U.S. data

(Reuters) - Analysts said the manufacturing data could yield further insight on the possible timing of a U.S. rate cut this year, though Friday's jobs figures will probably be more influential.

If ISM "comes in on the soft side of expectations, that will cause a dollar sell-off," said David Watt, senior currency strategist at RBC Capital Markets in Toronto.


Read more at Reuters.com Hot Stocks News

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