US dollar is a clear winner on Tuesday as the ISM index points at a solid US output and emerging market fears escalate. The ISM index surged to 61.3 pts., defying expectations for a decline to 57.7 pts. and showing that the US industry was in a great shape in August. That only amplifies pain for emerging market currencies where the South African rand plummets after the GDP contracted for the second straight quarter. USDZAR surges by 3.3% but other emerging currencies are losing significantly as well. DE30 slides by 1.1% as investors are concerned about an impact of emerging market crisis.
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