ISM Manufacturing PMI rises above 50 threshold unexpectedly in January. US Dollar Index extends rebound toward 98 handle on upbeat data. The Institue for Supply Management’s (ISM) Manufacturing PMI in January rose to 50.9, the highest print since July, from 47.8 to reveal that the sector has returned to expansion territory. This reading came in better than the market expectation of 48.5 as well. Further details of the report showed that the New Orders Index improved to its best level since May at 52 and the Prices Paid Index rose to a fresh 10-month high of 53.3. Commenting on the data, “global trade remains a cross-industry issue, but many respondents were positive for the first time in several months,” noted Timothy R. Fiore, Chair of the Institute for Supply Management Manufacturing Business Survey Committee. “Overall, sentiment this month is moderately positive regarding near-term growth,” USD continues to gather strength With the initial market reaction, the US Dollar Index, which tracks the USD’s performance against a basket of six major currencies, stretched higher and was last seen adding 0.5% on the day at 97.85. 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 Oil: There is room for a climb in the near-term – TDS FX Street 2 years ISM Manufacturing PMI rises above 50 threshold unexpectedly in January. US Dollar Index extends rebound toward 98 handle on upbeat data. The Institue for Supply Management's (ISM) Manufacturing PMI in January rose to 50.9, the highest print since July, from 47.8 to reveal that the sector has returned to expansion territory. This reading came in better than the market expectation of 48.5 as well. Further details of the report showed that the New Orders Index improved to its best level since May at 52 and the Prices Paid Index rose to a fresh 10-month high of 53.3. Commenting on the… 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.
