Stagnant ISM manufacturing PMI pressures the USD

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 4, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Global Markets Monday’s bland US ISM manufacturing PMI of 50.1 diluted the spice of last week’s hawkish FOMC statement which had benefited the USD bulls. This has been the lowest ISM figure in two and a half years, andone which slowly gravitates to contractionary levels below 50. Dollar sensitivity is rife and investor anxieties may continue to mount as a result of soft data from the US clashing with the hawkish bias of the Fed. History has illustrated that when the ISM has failed to pick up,

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