The US Dollar is pushing higher today, despite a set of weaker-than-forecast ISM figures yesterday. The manufacturing PMI for June was seen slipping back to 48.5 from 48.7 last, below the 49.2 the market was looking for. Importantly too, the prices component was seen cooling to 52.1 from 57 prior, below the 55.8 the market was looking for. This is the latest we’ve seen in a string of weaker US data recently including CPI, durable goods, home sale and PCE. US Jobs Data on Friday Looking ahead this week, we have the FOMC minutes due tomorrow but the big focus will be on the June jobs report on Friday. Following the ... (full story)
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2024-07-03 03:35:00Z
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