PMI expected to take largest one month plunge in series history to the lowest level since the financial crisis as the US dollar retains its safety preference until virus news improves, FXStreet’s Joseph Trevisani reports. Key quotes “The overall non-manufacturing index is expected to plunge to 44 in March from 57.3 in February. If accurate it would be the largest single month drop in the 23 year history of the series and the third time that the general index has fallen below 50 and into contraction.” “New orders are predicted to decrease to 56.6 from 63.1 and employment is thought to fall to 53 from 56.6. The forecasts for these important component indexes are far more sanguine than the overall gauge.” “Until the pandemic relents the US dollar seems destined to keep it safety status.” 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 GBP/USD Price Analysis: Turns vulnerable below the recent trading range support near 1.2300 mark FX Street 2 years PMI expected to take largest one month plunge in series history to the lowest level since the financial crisis as the US dollar retains its safety preference until virus news improves, FXStreet’s Joseph Trevisani reports. Key quotes “The overall non-manufacturing index is expected to plunge to 44 in March from 57.3 in February. If accurate it would be the largest single month drop in the 23 year history of the series and the third time that the general index has fallen below 50 and into contraction.” “New orders are predicted to decrease to 56.6 from 63.1 and employment is thought… 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.
