- The ISM Manufacturing PMI report revealed continuous contraction in service activity in November.
- The United States Dollar Index remains in favorable area above 106.50.
Business activity in the United States production sector continued to agreement, albeit at a softer rate in November, with the ISM Manufacturing PMI increasing to 48.4 from 46.5 in October. This reading was available in much better than the marketplace expectation of 47.5.
The Employment Index of the PMI study edged greater to 48.1 from 44.4 in the very same duration and the Prices Paid Index pulled back to 50.3 from 54.8. The New Orders Index enhanced to 50.4 from 47.1.
The United States Dollar Index maintains its bullish momentum following the PMI report and was last seen increasing 0.83% on the day above 106.50.
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