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US dollar, stocks down on nightmare ISM reading

4:04 PM 3 January 2019

The US ISM index representing state of economic conditions in the US industry plunged by as many as 5.2 points in December – the most since 2008, to 54.1 points, the lowest level since Trump has taken office. The data stokes recession concerns causing both US dollar and US indices (like US500, US30) to decline after the release.

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