Dollar Swings Wildly After Upbeat US Economic Data

Dollar Swings Wildly After Upbeat US Economic Data

Well, that escalated quickly. The dollar soared and yields rose (some more) following better than expected economic data out of the US. As tipped here earlier this morning, the Dec. ISM print was a blockbuster, coming in at 54.3 versus consensus 53.8. Here's the breakdown via Bloomberg (note the bolded bullets): Forecast range 52.0 - 55.0 (76 economists surveyed) PMI rose to 54.7 vs 53.2 last month New orders rose to 60.2 vs 53.0 Employment rose to 53.1 vs 52.3 Supplier deliveries fe
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