ISM Manufacturing PMI fell modestly in January but stayed comfortably above 50. US Dollar Index continues to consolidate its daily gains near 90.80. The business activity in the US manufacturing sector continued to expand at a robust pace in January with the ISM Manufacturing PMI arriving at 58.7, compared to 60.5 in December. This reading fell short of analysts’ estimate of 60. Further details of the publication revealed that the Employment Index improved to 52.6 from 51.7 and the Prices Paid Index jumped to the highest level since April 2011 at 82.1 from 77.6. Finally, the New Orders Index edged lower to 61.1 from 67.5. Market reaction This report doesn’t seem to be having a significant impact on the greenback’s performance against its rivals. As of writing, the US Dollar Index was up 0.28% on the day at 90.83. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Silver steadies below eight-year highs in the mid-$29.00s FX Street 1 year ISM Manufacturing PMI fell modestly in January but stayed comfortably above 50. US Dollar Index continues to consolidate its daily gains near 90.80. The business activity in the US manufacturing sector continued to expand at a robust pace in January with the ISM Manufacturing PMI arriving at 58.7, compared to 60.5 in December. This reading fell short of analysts' estimate of 60. Further details of the publication revealed that the Employment Index improved to 52.6 from 51.7 and the Prices Paid Index jumped to the highest level since April 2011 at 82.1 from 77.6. Finally, the New Orders Index edged lower to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
