(Action Economics) - 01-Mar-12 18:05 - The dollar eased lower in early trade, as equities and risk appetite in general firmed up.

Rumors of a 58 print (median expectations 55) for the manufacturing ISM index may have helped risk sentiment somewhat, but the rumor turned out to be false, as it came in under the forecasts at 52.4. The greenback briefly recovered somewhat, but as Wall Street maintained gains, the USD slipped back once again.

Friday's U.S. economic calendar is empty, with only a round of Fedspeak on tap.

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