FXstreet.com (San Francisco) - The Greenback traded lower on Monday as investors sold dollars following the weaker-than-expected ISM manufacturing data. Stocks trades lower too in a quiet session. The EUR/USD recovered from 1.2770 and test the 1.2870, currently the pair is trading at 1.2850. The GBP/USD consolidates position above the 1.5200 region.

In the same line, the USD trade lower against the Japanese yen with the USD/JPY collapsing from 94.30 to reach levels around 93.15, lowest since March 6th. The USD/CHF declined to test the 94.60 region, the USD/CAD lost ground to finish close to the 1.0160 and the AUD/USD recovered early losses from 1.0385 to close around the 1.0420.

Main headlines in the American Session:

US: ISM Manufacturing PMI falls to 51.3 in March

American equity markets open negative after Holiday weekend

Forex: GBP/USD peaks at 1.5241 on US session

Forex: EUR/USD in session highs around 1.2840/45

Forex: USD/JPY breaks down 93.25

Commodities Brief – Gold trades at 1600, silver falls below 28.00

Forex: USD/CAD extends its intraday decline

Forex: US Dollar Index in red below 83.00

Forex: EUR/USD stabilizes around 1.2850

Spain will revised down its 2013 GDP forecast to -1.0%; Negotiating new deficit target

Wall Street closes lower on US data