Markit Manufacturing PMI in US continued to rise in January. US Dollar Index clings to strong gains a little below 91.00. The IHS Markit’s Manufacturing PMI for the US rose to 59.2 (final) in January from 57.1 in December to show an ongoing expansion in the manufacturing sector’s economic activity at a strengthening pace. This reading came in slightly higher than the flash estimate and the market expectation of 59.1. Commenting on the data, “demand from both domestic and export customers picked up sharply in January, buoyed by several driving forces,” noted Chris Williamson, Chief Business Economist at IHS Markit. “Consumer demand has improved while businesses are investing in more equipment and restocking warehouses, preparing for better times ahead as vaccine roll outs allow life to increasingly return to normal over the course of 2021.” Market reaction The US Dollar Index showed no immediate reaction to this report and was last seen gaining 0.32% on a daily basis at 90.86. 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 Gold Price Analysis: XAU/USD stays capped by the $1,880 area FX Street 1 year Markit Manufacturing PMI in US continued to rise in January. US Dollar Index clings to strong gains a little below 91.00. The IHS Markit's Manufacturing PMI for the US rose to 59.2 (final) in January from 57.1 in December to show an ongoing expansion in the manufacturing sector's economic activity at a strengthening pace. This reading came in slightly higher than the flash estimate and the market expectation of 59.1. Commenting on the data, “demand from both domestic and export customers picked up sharply in January, buoyed by several driving forces," noted Chris Williamson, Chief Business Economist at IHS Markit. "Consumer demand has improved… 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.
