ROB042005.pdf (application/pdf Object)
The dollar is stronger today. After the non-farm payroll report last week came out weaker than expected--a number which creates the most volatility in the market of anything that happens monthly--the continued strength in the dollar is something of a puzzle.
Enter the ISM number--a measure of the condition of the economy. The higher than expected ISM number shows the American economy is expanding. For those who try to explain the market's movements in terms of the flow of economic indicators through the news, the ISM number is something to watch more closely than the screaming headlines. Check out the link.
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