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Wall Street closes at session highs after recovering earlier losses

FXstreet.com (San Francisco) - The US stocks market closed higher on Monday after recovering from Friday's sell off and a negative opening. Weaker than expected ISM manufacturing index fueled inverstor's confidence on ongoing QE.

The Dow Jones advanced 138.54 points or 0.92% to end the day at 15,254.11. The S&P 500 added 9.68 points or 0.59% to finish the day at 1,640.42. And the Nasdaq Composite won 9.46 points or 0.27% to 3,465.37.

Flash: Dollar falls on weaker US data - UBS

The dollar hit a four week low against the euro and the yen in reaction to weaker US data. "Monday's release of the US ISM PMI, which dropped below 50, added to higher unemployment claims, a downward GDP revision and disappointing consumer spending last week", says the UBS analyst team.
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Session Recap: Lower Greenback amid ongoing QE

The big story today was the Dollar weakness as market players reacted to the weaker than expected ISM manufacturing index as the first hint for a Fed keeping the current pace of bond buying.
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