Your Economy (No Politics)

[Bullwinkle]

Strong U.S. ISM services index makes the dollar lifts
Friday, March 3, 2006 5:03:30 PM
http://www.fxstreet.com


FXstreet.com (Barcelona) - The services sector of the U.S. economy increased its percentage during February, the Institute for Supply Management (ISM) reported. The ISM non-manufacturing index rose to 60.1% from 56.8% in January. The index grew above expectations, since economists forecast ISM to rise to 58.2%, according to a survey conducted by MarketWatch.

After the announcement of the ISM services, the dollar reversed its downward drift of the previous 24 hours and broke to session highs Friday morning in New York.

http://www.fxstreet.com/nou/noticies/afx/noticia.asp?pv_noticia=FXstreetNews200633330