US dollar gains ahead of the key data

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Weak global data and RBA interest rate cut are weighing on currencies today leaving the US dollar to bear the brunt of adjustment. Indeed the AUDUSD is down 0.95% and tests 2019 low while USDZAR gains 1.1% after the South African PMI slid to a recessionary 41.6 points. Meanwhile, investors in the US are awaiting the key ISM report in a hope that it recovers to expansion after dipping below 50 points mark in August. The report will be released at 3pm BST.

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