CMS Forex - The dollar rose on Tuesday despite a surprise drop in the US ISM non-manufacturing index to the lowest level since the last 2001 recession. The euro and European currencies were particularly weak. The Australian dollar fell despite the RBA interest-rate increase to an 11-year high of 7.0%. The yen was little changed against the dollar but gained in cross trades on renewed carry-trade unwinding. We sell 1 unit of the USD/JPY and 1 unit of the EUR/USD.
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