BREAKING: USD strengthens after upbeat US ISM Manufacturing PMI report

3:08 PM 1 October 2021

The ISM Manufacturing PMI for the US jumped to 61.10 in September from 59.9 in July, up from a second straight month and beating analysts’ expectations of 59.5. The latest reading signaled the one of the strongest rates of expansion since 1983, boosted by solid increases in production and new orders, as well as a slight rebound in employment levels.

Prices paid 81.1 vs 78.5 expected (prior was 79.3)

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Employment 50.2 vs 49.0 prior

New orders 66.7vs 66.7 prior

EURUSD bounced off the 1.1600 resistance after today's data releases and is heading towards support at 1.1564. Source:xStation5

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