Another miss on an important figure today: the ISM manufacturing PMI slides to 51.5 points, with the employment component hitting a round 50 points, reflecting a perfect balance between growth and contraction. While this serves as a hint for Friday’s NFP, it is important to remember that the services sector is by far the dominant one in the US.
The dollar is quite unexcited and is actually slightly higher against the euro.
Read the rest of the article ISM Manufacturing PMI disappoints with 51.5 points – USD shrugs it off