Markit Manufacturing PMI rose to 52.2 in November’s advanced reading. US Dollar Index rose to fresh weekly highs above 98.10 on upbeat data. The economic activity in the United States’ (US) manufacturing sector is expected to expand at a more robust pace than expected in November, the advanced Purchasing Managers’ Index (PMI) data published by the IHS Markit showed on Friday. “Goods producers signalled a stronger improvement in operating conditions in November, as signalled by a rise in the IHS Markit Flash Manufacturing Purchasing Managers’ Index to 52.2, up from 51.3 in October,” the publication read. This figure also came in better than the market expectation of 51.5. With the initial reaction, the USD gathered strength against its rivals and the US Dollar Index rose to a fresh weekly high of 98.12. Further details of the report revealed that the Services PMI improved to 51.6 from 50.6 and the Composite PMI came in at 51.9 as expected. 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 Forex Weekly Outlook November 25-29 – US hard data and trade talks dominate Yohay Elam 3 years Markit Manufacturing PMI rose to 52.2 in November's advanced reading. US Dollar Index rose to fresh weekly highs above 98.10 on upbeat data. The economic activity in the United States' (US) manufacturing sector is expected to expand at a more robust pace than expected in November, the advanced Purchasing Managers' Index (PMI) data published by the IHS Markit showed on Friday. "Goods producers signalled a stronger improvement in operating conditions in November, as signalled by a rise in the IHS Markit Flash Manufacturing Purchasing Managers' Index to 52.2, up from 51.3 in October," the publication read. This figure… 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.
