fromLondon Business News | Londonlovesbusiness.com
3 weeks agoDollar resilient as investors await ISM and labour data - London Business News | Londonlovesbusiness.com
The US dollar was resilient on Tuesday, with traders cautious ahead of a heavy macroeconomic calendar. The currency's resilience came as US markets reopen after the holiday, leaving attention on the ISM Manufacturing index due later today. Consensus points to a modest improvement to 49, which would nonetheless mark a sixth straight month below the 50 expansion threshold. Any upside surprise could reinforce the dollar by signalling economic resilience, while weaker data may add to pressure from mounting rate-cut expectations.