US Dollar Falls on Stock Market Gains

Investors abandoned the dollar today as the Institute of Supply Management Index rose to 50.9 from 48.4 in August, prompting gains in New York and Toronto today. By 2:30 PM New York time, the DOW rose nearly 95 points to 9582.14, while the TSX Composite rose more than 150 points to 11,112.28.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.