Eurodollar Breaks Out; Crude Oil Goes Wild

By Brian Kaplan , Market Analyst
03 March 2010 @ 05:11 pm EDT

The US reported a mixed bag of economic data today. The ADP jobs numbers were slightly worse-than-expected, disappointing dollar bulls. However the ISM Non-Manufacturing PMI Index came in higher-than expected. Economists were expecting a score of 51 for February, an increase from January's score of 50.5. The actual February score was reported at 53. This is a positive leading economic indicator for the US services sector, comprising the largest part of the economy.

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