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YGRN - Dollar On Back Foot As U.S. Data Disappoints
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
The US dollar is sensitive to data misses, and even though the ISM services PMI remains in expansion territory, the lower than expected index triggered a selloff of the greenback. The United States is not immune to recession fears even if it remains the developed economy with the strongest pace of growth, but the prolonged trade war with China and the ease to launch tariffs is beginning to have lasting effects on the US economy. The two PMI releases of US data this week came in lower than forecasted and will put pressure on the